Wunderlich Securities Maintains Buy Rating and $25 PT on Cypress Semiconductor Corp.

A report from Wunderlich Securities reiterates its Buy rating and $25 price target on Cypress Semiconductor Corp CY. In the report, Wunderlich writes, “While we acknowledge risk to our Q4 estimates due to the broader headwinds, we believe estimates are already conservatively modeled by us and the Street, that the headwinds are not company-specific, and that opportunities for growth in 2012 with Touch and PSoC products remain intact." CY closed yesterday at $16.43.