Piper Sandler Upgrades Synopsys (SNPS) to 'Overweight' with Raised Price Target
On June 23, Piper Sandler upgraded its rating for Synopsys Inc. (NASDAQ: SNPS) from Neutral to Overweight and raised the price target to $550 from $450. The upgrade is based on expectations of a faster-than-anticipated recovery in Synopsys' intellectual property business driven by improved demand at Intel, which is its largest customer.
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