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UPDATE: JP Morgan Upgrades Synaptics to Overweight on Line-Up and Technology Strength

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JP Morgan raised its rating on Synaptics (NASDAQ: SYNA) from Neutral to Overweight and increased its price target from $29.50 to $34.

JP Morgan noted, "It's an interesting time to re-visit SYNA. Synaptics has a strong product lineup for 2013, and the firm is poised to return to y/y growth now that it has completed the transition from modules to chips, justifying multiple expansion. Upward revisions to EPS are possible and we think the stock is somewhat undervalued. Catalysts include CES product introductions and design wins. We are upgrading to Overweight."

Synaptics closed at $28.33 on Tuesday.

Latest Ratings for SYNA

DateFirmActionFromTo
Apr 2016Mizuho SecuritiesDowngradesBuyNeutral
Apr 2016Cross ResearchDowngradesBuyHold
Apr 2016Redstone TechnologyInitiates Coverage onPositive

View More Analyst Ratings for SYNA
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Posted-In: JP MorganAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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