Cypress Semiconductor (CY - Get Report) was downgraded to underweight from equal-weight at Morgan Stanley. $12 price target. The valuation is less attractive, based on recent margin expansion, Morgan Stanley said.
CyberArk Software (CYBR - Get Report) was upgraded to buy from neutral at Goldman Sachs. $64 price target. The company offers one of the best secular growth stories in the security business, Goldman said.