Cree Reports Financial Results for the First Quarter of Fiscal Year 2018

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Go back to Cree Reports Financial Results for the First Quarter of Fiscal Year 2018

Cree (CREE) PT Raised to $32 at BofA/Merrill Lynch; Remains Sidelined

October 18, 2017 9:50 AM EDT

BofA/Merrill Lynch raised its price target on Cree (NASDAQ: CREE) to $32.00 (from $31.00) while maintaining a Neutral rating following the company's 1Q earnings report. Cree reported Sept quarter (F1Q18) revenue/Non-GAAP EPS of $360M/$0.04, in-line with consensus. Dec Q (F2Q18)... More