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Fly News Breaks for January 22, 2016
CY
Jan 22, 2016 | 08:30 EDT
Pacific Crest believes that Cypress' risk/reward is favorable ahead of its earnings. The firm says that the largely in-line results of the company's peers "suggest the sky is not falling," while the company's dividend is likely to remain safe even if its revenue falls 1%. The firm recommends that investors buy the stock opportunistically ahead of the company's results. Pacific Crest keeps a $13 price target and Overweight rating on the shares.
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