Synopsys stock slips premarket after HSBC downgrade as SNPS heads into earnings week
Synopsys shares fell 0.6% to $437.50 in premarket trading Monday after HSBC downgraded the stock to “hold” and cut its price target to $455. The move comes ahead of Synopsys’ quarterly results and outlook, due Feb. 25 after market close. Rival Cadence Design Systems also slipped 0.4% premarket.