Synaptics price target lowered to $80 from $105 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Synaptics to $80 from $105 and keeps a Hold rating on the shares. Craig-Hallum remains on the sidelines with Synaptics, but notes the company expects growth moving forward driven by their core IoT business segment, the analyst tells investors in a research note. June results and the September guidance came relatively in-line with estimates but the firm still expects the near-term to remain volatile as Enterprise and Auto remain weak points.