Mizuho Maintains Buy on Synaptics, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on Synaptics (NASDAQ:SYNA) but has reduced the price target from $115 to $110.
November 10, 2023 | 5:24 pm
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NEUTRAL IMPACT
Mizuho analyst Vijay Rakesh maintains a Buy rating on Synaptics but lowers the price target from $115 to $110.
The reduction in price target may suggest a slightly more cautious outlook on Synaptics' future price performance, but the maintenance of a Buy rating indicates a continued positive view on the stock. The impact is likely to be neutral to slightly negative in the short term as the market digests the mixed signals of a lower price target with a maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100