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Fly News Breaks for February 1, 2019
CY
Feb 1, 2019 | 07:22 EDT
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Cypress Semiconductor but lowered his price target to $18 following the company's quarterly results. In a research note to investors, Stoss says that softness in China is mostly due to trade tensions and FX concerns impacting distributor/customer appetites to maintain inventory, but believes that could lead to a nice rebound in orders/demand if trade issues are resolved.
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