Synaptics price target raised to $195 from $185 at Oppenheimer

Oppenheimer analyst Martin Yang raised the firm’s price target on Synaptics to $195 from $185 and keeps an Outperform rating on the shares ahead of quarterly results. The firm sees an inline setup to Q1 results and modest downside risk to Q2 outlook as semi-cycle correction progresses. Auto remains a likely bright spot near-term, Oppenheimer adds.