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Cypress Semiconductor (CY) got a price target increase Monday from an analyst who sees significant cost synergies from its acquisition of Spansion last week, and he ponders whether the 1,600 job cuts reportedly in the works mean that the company will exit some of its businesses. RBC Capital Markets analyst Doug Freedman, in a research report Monday, increased his price target for Cypress stock to 18 from 17 after the merger with Spansion. San Scalper1 News
Scalper1 News