Synopsys re-initiated with an Overweight at Atlantic Equities

Atlantic Equities analyst Peter Sazel re-initiated coverage of Synopsys (SNPS) with an Overweight rating and $390 price target. Cadence Design (CDNS) and Synopsys command over 60% market share in the electronic design automation, or EDA, market, noted Sazel, who sees both EDA companies benefiting from a sustainable advantage in economies of scale and predictable, highly-recurring subscription revenues.