Shares of Cypress Semiconductor (CY) - Get Report were sliding by 1.51% to $14.02 on Thursday morning, after the automotive, industrial, and networking platforms solutions provider was downgraded to "underweight" from "equal weight" at Morgan Stanley.

The firm sees limited upside for estimates and believes the company's analyst day will calm estimate enthusiasm. Morgan Stanley has a $12 price target on Cypress Semiconductor stock.

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