Cree, Inc. (CREE) Tops Q3 EPS by 1c
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April 23, 2014 9:01 AM EDT
Piper Jaffray analyst Mike Ritzenthaler lowered his price target on Neutral-rated Cree (NASDAQ: CREE) from $67 to $62 following O Q3 results but weak guidance.
Ritzenthaler comments, "We maintain our Neutral rating on CREE and lower our target to $62 (from $67) following F3Q14 results in... More
April 23, 2014 8:24 AM EDT
Northland Capital Markets analyst Colin Rusch lowered his price target on Market Perform-rated Cree (NASDAQ: CREE) from $59 to $57 following Q3 results.
Rusch commented, "We remain on the sidelines with CREE shares as it appears operating leverage will be limited until... More
April 23, 2014 7:42 AM EDT
Goldman Sachs maintained a Buy rating on Cree (NASDAQ: CREE) with a price target of $66.00. Comments follow Q3 results. Analyst Brian Lee noted top line trends were intact, if not gaining, although margins missed.
"We were wrong to expect Cree to guide EPS well above consensus for June, and expect... More
