Synaptics restated at Underperform at Oppenheimer & Co.

|About: Synaptics Incorporated (SYNA)|By:, SA News Editor

Analyst Andrew Uerkwitz notes expectation for Synaptics' (NASDAQ:SYNA) Q2 results to post (Thursday, January 26) in line, though also anticipates consensus reductions going forward throughout 2017 given limited smartphone market growth, pricing pressure, diminishing Samsung share among fingerprint segment and adverse mix attributed to ramping TDDI operation.

Price target $45 (current price $57.61).

Previously (December 12, 2016): Synaptics downgraded to Underperform at Oppenheimer & Co.

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