Sterne Agee Maintains Buy Rating and $20 PT on Cypress Semiconductor

A report from Sterne Agee reiterates its Buy rating and $20 price target on Cypress Semiconductor

. The report states, “We believe CY might be one of the beneficiaries of a stronger Black Friday and Cyber Monday sell-through. We believe two of its key Tablet customers had a strong holiday weekend. The Acer 10” Tab was one of the Key Deals for Cyber Monday also and the Nook Color was a top 10 best seller on Best Buy.” CY closed yesterday at $17.57.