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Rothschild & Co Redburn Cuts Cadence Design Systems Price Target to $375 From $410, Maintains Buy Rating
Rothschild & Co Redburn has lowered its price target for Cadence Design Systems (CDNS) to $375 from $410, while reiterating a Buy rating on the stock. This adjustment comes amidst other analyst price target changes for the company, suggesting a recalibration based on recent market conditions or company performance. Cadence Design Systems, a leading provider of design software for integrated circuits, continues to be viewed positively by Rothschild & Co Redburn despite the target reduction.