Wunderlich is out with its report today on Cypress Semiconductor CY, initiating CY at Buy.
In its report, Wunderlich writes, "We are initiating coverage of Cypress Semiconductor Corporation with a Buy rating and a price target of $25. Cypress's unique programmable microcontroller solutions, or 'Programmable System on a Chip' (PSoC), offers superior ease of use and design capabilities for engineers across an extremely broad and diverse group of markets."
Shares of CY closed Wednesday at $17.51.
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Posted In: Analyst ColorPrice TargetInitiationAnalyst RatingsInformation TechnologySemiconductorsWunderlich
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