Cypress to Address Citi Technology Conference on September 9

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Mizuho Securities Cuts Price target on Cypress Semiconductor (CY) Following Divestiture

August 31, 2015 9:06 AM EDT

Mizuho Securities maintained a Buy rating on Cypress Semi (NASDAQ: CY), and cut the price target to $21.00 (from $23.00), following the divestiture of its mobile touch segment to Parade for approximately $100M. CY updated revenue guidance to be ~$25M lower, $15M due... More