TD Cowen Maintains Buy on Synaptics, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Karl Ackerman maintains a Buy rating on Synaptics (NASDAQ:SYNA) but lowers the price target from $135 to $115.
May 10, 2024 | 6:04 pm
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NEUTRAL IMPACT
TD Cowen reaffirms a Buy rating on Synaptics but reduces the price target to $115 from $135, indicating a positive outlook but with adjusted expectations.
The maintenance of a Buy rating by TD Cowen suggests a continued positive outlook on Synaptics, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in market conditions, valuation concerns, or revised earnings expectations, which might temper investor enthusiasm slightly in the short term. The direct mention and specific action taken by the analyst make this news highly relevant and important for investors, but the mixed nature of the news (positive rating, reduced target) leads to a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100