Cray (CRAY) Prelim FY12 Revs Miss Views; Sees Stronger FY13

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Needham & Company Lifts PT on Cray (CRAY) to $19 after Update

January 7, 2013 8:53 AM EST

Needham & Company raised its price target on Buy-rated Cray (NASDAQ: CRAY) from $17 to $19 saying business remains on track after the company anounced preliminary 2012 results and provided a slight uptick to its 2013 revenue guidance.

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