Cadence Design Systems Inc (CDNS): CDNS: Smith Barney Cuts to Hold from Buy...

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Cadence Design Systems Inc (CDNS)

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Thursday, 10/23/2008 12:36:25 PM

Thursday, October 23, 2008 12:36:25 PM

CDNS: Smith Barney Cuts to Hold from Buy; Cuts Tgt to $5.5 vs $11; Analyst Notes

Thursday , October 23, 2008 09:33ET

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

Analyst Firm: Smith Barney

Ratings Action: DOWNGRADE

Current Rating: Hold (from Buy)

Target Price Action: DECREASE
Target Price: $5.50 (-50.00% from $11.00)

Analyst Comments: Citigroup downgraded shares and removed the stock from their Top Picks Live List following the company's accounting revenue.

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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