Oppenheimer maintains an 'Outperform' on Cree (CREE); Still The Leader; Issues in Rear-View
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Price: $79.12 --0%
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer maintains an 'Outperform' on Cree (NASDAQ: CREE) price target raised from $34 to $38.
Analyst, Srinivasan Sundararajan, said, "With the transition from incandescent and fluorescent lighting to LED just beginning to hit an inflection point, we believe Cree faces a steep multi-year growth opportunity. As a stock, CREE should also continue to benefit from its position as the public market's sole pure play on LED lighting...any issues are now likely in the rear-view mirror with the solid state lighting age slowly but surely gaining momentum." (Raises FY12 from $0.90 to $1.05)
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 $31.90 yesterday.
Analyst, Srinivasan Sundararajan, said, "With the transition from incandescent and fluorescent lighting to LED just beginning to hit an inflection point, we believe Cree faces a steep multi-year growth opportunity. As a stock, CREE should also continue to benefit from its position as the public market's sole pure play on LED lighting...any issues are now likely in the rear-view mirror with the solid state lighting age slowly but surely gaining momentum." (Raises FY12 from $0.90 to $1.05)
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 $31.90 yesterday.
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