Synaptics +13.5% after KeyBanc upgrade

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

KeyBanc upgrades Synaptics (NASDAQ:SYNA) from Sector Weight to Overweight with a $60 price target, 20% higher than the current share price.  

The upgrade occurred after the firm met with Synaptics partners and competitors at #CES18.

Analyst John Vinh calls the company’s smart home opportunity appreciable and says Synaptics is well-positioned in the in-display fingerprint sensing market due to the lack of competition. 

Vivo had a smartphone with Synaptics tech on display at CES and Vinh expects follow-on design wins though perhaps not the Samsung Note 9, which looks likely to use a Chinese OEM. 

Synaptics shares are up 13.5% to $49.83.  

Previously: Forbes reveals OEM using Synaptics' in-display sensor (Dec. 15, 2017)

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