Canaccord Genuity Boosts Cree (CREE) PT to $37
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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: 7 | New: 60
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 60
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Canaccord Genuity raised its price target on Cree (NASDAQ: CREE) from $32 to $37 but kept a Hold rating following Q2 results.
The firm comments, "We maintain our HOLD rating on CREE shares as we see improvement in the LED macro and multiple expansion in 2013, offset by a limited visibility and uncertainty around the company’s near term business model transition."
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 $33.47 yesterday.
The firm comments, "We maintain our HOLD rating on CREE shares as we see improvement in the LED macro and multiple expansion in 2013, offset by a limited visibility and uncertainty around the company’s near term business model transition."
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 $33.47 yesterday.
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