Morgan Stanley analyst Lee Simpson hosted a fireside chat with Synopsys (SNPS) CEO Sassine Ghazi and notes that the executive opened by reminding the audience that FY26 marks the first full year of operating as a combined Synopsys-Ansys entity. The firm, which highlights that the company said it plans to achieve the $400M cost synergy target from the Ansys integration earlier than the initial three-year timeframe, keeps an Equal Weight rating and $480 price target on Synopsys shares.
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