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eastunder

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eastunder

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Re: None

Monday, 08/18/2008 11:15:54 AM

Monday, August 18, 2008 11:15:54 AM

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CDNS: Smith Barney Ups to Buy from Hold; Ups Tgt to $11.5 vs $9; Analyst Notes

Monday , August 18, 2008 09:33ET

Issuer: Cadence Designs Systems, Incorporated (NasdaqNM: CDNS)

Analyst Firm: Smith Barney

Ratings Action: UPGRADE

Current Rating: Buy (from Hold)

Target Price Action: INCREASE
Target Price: $11.50 (+27.78% from $9.00)

Analyst Comments: The firm upgraded the shares and added CDNS to their Top Picks Live List as they believe a cost restructuring new CFO will serve as catalysts.

This rating information was reported by TheFlyOnTheWall.


"It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness;

-- Charles Dickens

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