Cypress Enters Into a Joint Venture With SK hynix system ic for NAND Flash Business
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Cypress Semi (CY) PT Lowered to $16 at Susquehanna
October 26, 2018 7:49 AM EDTSusquehanna analyst Christopher Rolland lowered the price target on Cypress Semi (NASDAQ: CY) to $16.00 (from $18.00) while maintaining a Positive rating.
"Guidance reset lower as CY is impacted by slowing demand trends originating from Asia," Rolland notes. 'Stock is down more than most, likely bakes in most of the deterioration."
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