UPDATE: Sterne Agee Reiterates Buy Rating, Lowers PT on Cypress Semiconductor Corporation

In a report published Wednesday, Sterne Agee Group reiterated its Buy rating on Cypress Semiconductor Corporation (NASDAQ: CY ), but slightly lowered its price target from $15.00 to $14.00. Sterne Agee noted, “CY preannounced its 4Q yesterday, noting significant weakness globally in the month of December in all lines of