Cree, Inc. (CREE) Tops Q4 EPS by 1c, Q1 Guidance Misses
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Buy Cree (CREE) Weakness, Says Goldman Sachs
August 13, 2014 9:27 AM EDTGoldman Sachs maintained a Buy rating on Cree (NASDAQ: CREE) and reduced its price target to $60.00 (from $66.00). FY 15/16 EPS was lowered 10%/15% to $2.03/ $2.70. The change follows Q2 results. Analyst Brian Lee recommended buying weakness.
"We reiterate Buy on Cree. While shares were... More
Summit Research Downgrades Cree (CREE) to Hold
August 13, 2014 8:11 AM EDTSummit Research downgraded Cree (NASDAQ: CREE) from Buy to Hold with a price target of $40.00.
Analyst Srini Sundararajan comments, "We had upgraded CREE to BUY after the prior quarter, however, we sheepishly have to downgrade it to HOLD. Why? Simply... More
