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Stock impact report

Deutsche Bank Gives Synaptics (SYNA) a Buy Rating [Yahoo! Finance]

Synaptics Incorporated (SYNA) 
Last synaptics incorporated earnings: 2/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.synaptics.com/node/5806
Company Research Source: Yahoo! Finance
September 11, Deutsche Bank initiated coverage on Synaptics Incorporated (NASDAQ:SYNA), assigning a Buy rating and setting the price target at $85. The investment bank has a positive outlook on Synaptics Incorporated (NASDAQ:SYNA) as it shifts from a mobile-centric company to a provider of connectivity and processor solutions across a wide range of industries. Deutsche Bank Gives Synaptics (SYNA) a Buy Rating Deutsche Bank pointed out that Synaptics Incorporated (NASDAQ:SYNA) has lowered its mobile concentration, which used to represent about 40% of the company's revenue. The company has also reduced customer concentration, especially with Apple Inc. (AAPL), which used to represent about 30% of sales. The investment bank expects Synaptics Incorporated's (NASDAQ:SYNA) revenue, margin, and EPS growth to accelerate. This growth will be driven by the core IoT segment and cyclical rebounds in the Enterprise and Auto segments. Synaptics Incorporated (NASDAQ:SYNA) designs and sells Show less Read more
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