TSC Ratings' Updates: Cypress

EPS improved by 33.3% in the most recent quarter compared with the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years, but we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, Tennant increased its bottom line by earning $2.09 vs. $1.57 in the prior year. For the next year, the market is expecting a contraction of 4.3% in earnings to $2.

Shares are down 55.2% on the year, underperforming the S&P 500, but don't assume that it can now be tagged as cheap and attractive. Based on its current price in relation to its earnings, Tennant is still more expensive than most of the other companies in its industry.

Other ratings changes include Chicago Rivet & Machine(CVR Quote) and Tier Technologies(TIER Quote), both downgraded from hold to sell.

All ratings changes generated on Nov. 26 are listed below.

Ticker	Company	Current	Change	Previous
CRE	Care Investment Trust	HOLD	Initiated
CRMT	America's Car-Mart	HOLD	Downgrade	BUY
CVR	Chicago Rivet & Machine	SELL	Downgrade	HOLD
CY	Cypress Semiconductor	SELL	Downgrade	HOLD
ECOL	American Ecology	HOLD	Downgrade	BUY
FBNC	First Bancorp	BUY	Upgrade	HOLD
FGXI	FGX International	SELL	Initiated
LFT	Longtop Financial	SELL	Initiated
NAVG	Navigators Group	BUY	Upgrade	HOLD
PZN	Pzena Investment	SELL	Initiated
TIER	Tier Technologies	SELL	Downgrade	HOLD
TNC	Tennant	HOLD	Downgrade	BUY

Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

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