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Fly News Breaks for October 23, 2015
CY
Oct 23, 2015 | 09:02 EDT
After Cypress reported lower than expected revenue and provided weaker than expected guidance, Pacific Crest still sees the company as a good defensive play, partly due to its 4.5% dividend yield and upcoming cost synergies. It cut its price target on the name to $13 from $20 but keeps an Overweight rating.
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