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Fly News Breaks for April 27, 2018
CY
Apr 27, 2018 | 09:06 EDT
Craig-Hallum analyst Tony Stoss highlighted Cypress Semiconductor as a "top pick" for 2018 after the company's "strong" March quarter report. In a research note to investors, Stoss, who reiterated a Buy rating, noted that Cypress Semi's automotive business continues to "outgrow" expectations, and was up 15% y/y, while IoT growth was also strong. Stoss also said he believes there is no justification for Cypress Semi to trade at such a steep discount to peers given its improving fundamentals.
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