Tigress Financial Partners Starts Cree (CREE) at Strong Buy
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Price: $60.41 +0.94%
Rating Summary:
14 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
14 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade CREE Now!
Tigress Financial Partners initiates coverage on Cree (NASDAQ: CREE) with a Strong Buy.
The firm comments, "We see increasing demand for LED based lighting. Improving operating efficiencies combined with a low current valuation make CREE an attractive investment opportunity."
They also note CREE is beginning to roll out its Silicon-Carbide technology. "This should start to drive additional revenue growth as people realize that these power modules are more reliable and efficient," analyst Ivan Feinseth said.
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $33.52 yesterday, with a 52 week range of $20.25-$33.70.
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The firm comments, "We see increasing demand for LED based lighting. Improving operating efficiencies combined with a low current valuation make CREE an attractive investment opportunity."
They also note CREE is beginning to roll out its Silicon-Carbide technology. "This should start to drive additional revenue growth as people realize that these power modules are more reliable and efficient," analyst Ivan Feinseth said.
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $33.52 yesterday, with a 52 week range of $20.25-$33.70.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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