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Fly News Breaks for May 24, 2017
CY
May 24, 2017 | 08:33 EDT
BofA/Merrill analyst Vivek Arya said the recent pullback in Cypress shares due to near-term concerns regarding autos exposure and lack of a margin raise at the analyst day provides a buying opportunity. The analyst said Cypress offers diversified growth in a solid demand environment, operating leverage and potential for earnings to double over the next 2 years, improving execution, a 3.3% dividend, and potential M&A benefits.
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