Cypress Semiconductor (CY) Tops Q1 EPS by 4c

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Needham & Company Upgrades Cypress Semi (CY) to Strong Buy

May 1, 2015 6:22 AM EDT

Needham & Company upgraded Cypress Semi (NASDAQ: CY) from Buy to Strong Buy with a price target of $20.00, suggesting 50% upside.

Analyst Rajvindra Gill commented, "CY reported its first consolidated quarter with CODE, and as expected it was messy, including several one-time charges. However, CY provided... More