Kaufman Bros. Upgrades Cree (CREE) to Hold; Expectations Reset
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Price: $79.12 --0%
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Kaufman Bros. upgraded Cree (NASDAQ: CREE) from Sell to Hold with a price target of $24 (up from $19).
The firm expects in-line quarter when the company reports on January 17, after the market close. Checks indicate volume has improved and pricing is better than expected. Cost reduction actions should help the bottom line. Consensus expectations have been reset, stock appears fairly valued in comparison to its peers and the S&P 500.
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 $23.22 yesterday.
The firm expects in-line quarter when the company reports on January 17, after the market close. Checks indicate volume has improved and pricing is better than expected. Cost reduction actions should help the bottom line. Consensus expectations have been reset, stock appears fairly valued in comparison to its peers and the S&P 500.
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 $23.22 yesterday.
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