BofA analyst Vivek Arya raised the firm’s price target on Cadence Design to $285 from $280 and keeps a Buy rating on the shares following the company’s Q2 beat. Despite a slight Q3 miss on revenue timing, implied second half sales and EPS guidance was still above the Street, suggesting a Q4 recovery, the analyst tells investors.
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Read More on CDNS:
- Cadence Design price target raised to $257 from $253 at Baird
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