StockNews.com downgraded shares of Cadence Design Systems, Inc. (NASDAQ:CDNS Free Report), from a Buy rating to a Hold rating in an article published on Monday. Several other brokerages also commented recently on CDNS. In a research note published on Tuesday, the 28th of July, Deutsche Bank Aktiengesellschaft raised their target price for shares of Cadence Design Systems. The new price was $230.00. In a report published on Tuesday, the 28th, BidaskClub lowered shares of Cadence Design Systems's buy rating from $222.00 to $230.00. Two analysts have given the stock a sell recommendation, 16 have given it a hold recommendation and 5 have given the company a buy recommendation. The average rating for the stock is Hold, with an average price target of $176.75.