Synopsys (SNPS) shares are in focus after senior Morgan Stanley analyst Lee Simpson issued a bullish research note in favor of the electronic design automation company. Simpson upgraded the multinational on Sept. 8 to “Overweight” and maintained his price target at $500, indicating potential upside of roughly 25% from current levels.
The bullish report arrives at a time when Synopsys stock is grappling to regain investor interest, currently down about 15% versus its August high.
