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Jefferies Upgrades Cypress (CY) to Hold, Downgrades Synaptics (SYNA) to Underperform

October 13, 2009 8:23 AM EDT
Get Alerts CY Hot Sheet
Price: $23.82 --0%

Rating Summary:
    10 Buy, 13 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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This morning, an analyst at Jefferies upgraded shares of Cypress Semiconductor (NYSE: CY) from Underperform to Hold, while at the same time downgrading Synaptics (Nasdaq: SYNA) from Hold to Underperform.

The analyst raised his price target on Cypress from $7.50 to $10 and lowered his target on Synaptics from $26 to $16.

In the pre-market session, shares of Cypress are currently up more than 2% to $10.10 and Synaptics' stock is down nearly 6%, most recently trading at $22.06.

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