Synaptics (SYNA) PT Lowered to $46 at BMO Capital on 2Q Report; 'Core Business Deteriorating Faster Than We Thought'
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Price: $143.79 +2.06%
Rating Summary:
16 Buy, 7 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
16 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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BMO Capital lowered its price target on Synaptics (NASDAQ: SYNA) to $46.00 (from $56.00) while maintaining a Market Perform rating, following the company's fourth quarter earnings report.
Analyst Ambrish Srivastava notes the company delivered fourth quarter earnings per share and revenues in-line with the Street's estimates, despite deterioration in the core business, reflected in management's lower FY1Q18 guidance.
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