Keybanc Maintains Overweight on Synaptics, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh maintains an Overweight rating on Synaptics (NASDAQ:SYNA) but lowers the price target from $135 to $115.
May 10, 2024 | 5:29 pm
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NEUTRAL IMPACT
Keybanc analyst John Vinh maintains an Overweight rating on Synaptics but lowers the price target from $135 to $115, indicating a positive outlook but with reduced short-term price expectations.
The maintenance of an Overweight rating by Keybanc suggests a continued positive outlook on Synaptics by the analyst, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions, company performance, or sector trends. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market absorbs the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100