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Fly News Breaks for April 27, 2018
CY
Apr 27, 2018 | 08:53 EDT
Susquehanna analyst Christopher Rolland believes Cypress Semiconductors will continue to move higher after the stock's recent gains have been digested. The analyst noted its solid Q1 results but slightly weaker Q2 guidance, but he said the semiconductor cycle remains very healthy. Rolland believes the market is overlooking the company's potential for strong double digit earnings growth. He reiterated his Positive rating and $20 price target on Cypress Semiconductor shares.
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