Credit Suisse sets Neutral rating on Cadence Design Systems

|About: Cadence Design Systems, ... (CDNS)|By:, SA News Editor

Initiates with $25 price target (current price $26.15).

Analyst Farhan Ahmad considers Cadence Design Systems to have "the broadest product portfolio that is required for designing products all the way from chip design to complete systems," and notes the company maintains a robust presence in a majority of EDA markets. Projects expectations to be met in 2016/2017 on emulation market share expansion.

Cadence Design Systems (CDNS -0.3%) shares are currently unmoved over the last three months and higher by 23% on the year.