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Fly News Breaks for October 22, 2018
CY
Oct 22, 2018 | 13:25 EDT
Roth Capital analyst Suji Desilva believes Cypress Semiconductor is on track for better than seasonal Q3 revenue growth and thinks its margin recovery progress remains intact. However, Desilva lowered his price target on Cypress to $18 from $22 to reflect broader semiconductor stock weakness. The analyst keeps a Buy rating on Cypress shares, stating that the recent pullback presents an attractive entry point.
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