KeyBanc raised the firm’s price target on Cadence Design (CDNS) to $358 from $340 and keeps an Overweight rating on the shares to reflect renewed conviction following the rescission of the China export restrictions, as they are no longer an overhang. The firm continues to recommend investors build positions in the name.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDNS:
- Cadence Design initiated with a Buy at Goldman Sachs
- Early notable gainers among liquid option names on July 3rd
- Morning Movers: TripAdvisor jumps after Starboard discloses stake, seeks talks
- Video: Datadog picked for S&P, Needham less bearish on Meta
- Cadence Design Restores EDA Access After License Rescind