Synaptics named top pick in Integrated Circuits at Collins Stewart
Collins Stewart calls Synaptics (SYNA) among Integrated Circuits and reiterates a Buy rating on the stock with a $40 price target. The firm also keeps Buy ratings on Cypress Semi (CY) and Atmel (ATML), but lowered its price target for Atmel shares to $11 from $13. :theflyonthewall.com
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Cypress Semi downgraded to Neutral from Buy at UBS
UBS downgraded Cypress to reflect macro weakness and the impact on its touch rebound and SRAM recovery. Price target lowered to $13.75 from $19. :theflyonthewall.com