UBS Maintains a 'Neutral' on Cypress Semi (CY); Lowering Estimates as Macro Weighs

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UBS maintains a 'Neutral' on Cypress Semi (NASDAQ: CY) price target of $13.75.

Analyst, Steven Eliscu is lowering estimates, citing the current macro environment which will probably limit a second half (2012) rebound. Cypress is scheduled to report quarterly earnings on July 18th. Street consensus is $0.18 and 204.17M.

For an analyst ratings summary and ratings history on Cypress Semi click here. For more ratings news on Cypress Semi click here.

Shares of Cypress Semi closed at $12.08 yesterday, with a 52 week range of $11.97-$22.64.

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