Cree (CREE) LED Bulbs Picked Over Other Brands

Susquehanna maintained a Positive rating on Cree (NASDAQ: CREE) with a price target of $72.00. Checks at Home Depot (NYSE: HD) showed that Cree brand LED bulbs are being chosen over other brands, noted analyst Mehdi Hosseini. Other LED manufacturers are expected to offer LED bulbs at a similar price point below $10 later this year and next year. Average prices of LED bulbs declined 3% in the past 2 weeks.

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 $62.93 yesterday.

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