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Stock Market & Financial Investment News

News Breaks
August 28, 2013
10:53 EDTCREE, VECO, LEDS, AIXGCree advances after analyst says survey bodes well for company
Shares of LED light bulb maker Cree (CREE) are climbing after research firm Piper Jaffray wrote that consumers' attitudes towards lighting products bode well for the company. WHAT'S NEW: In a survey of consumers, 85% of respondents said they care more about the energy efficiency, quality and lifetime of light bulbs than their price, up from 74% of consumers who had expressed those sentiments in a survey last year, Piper analyst Jagadish Iyer wrote in a note to investors. Moreover, 60% of those who responded to this year's survey are willing to pay $10-$15 for a LED light bulb, while 30% are willing to pay up to $20, Iyer reported. Cree should benefit from these trends, as it appears that competitors that sell cheaper but lower quality LED light bulbs will have difficulty gaining momentum in the consumer market, the analyst contended. Meanwhile, over 90% of respondents to the survey considered themselves knowledgeable about LED lighting, up from 73% a year ago, the analyst added. Cree's revenue from consumer bulbs should surge to $28 million by the fourth quarter of 2014, up from about $14 million last quarter, the analyst wrote. He reiterated a $71 price target and Overweight rating on Cree's shares. PRICE ACTION: In mid-morning trading, Cree climbed 3.43% to $55.70. OTHERS TO WATCH: Other companies that produce LED products or equipment used to make LED products include Veeco Instruments (VECO), Aixtron (AIXG), and SemiLEDS (LEDS).
News For CREE;VECO;LEDS;AIXG From The Last 14 Days
Check below for free stories on CREE;VECO;LEDS;AIXG the last two weeks.
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September 23, 2014
07:10 EDTCREECree upgraded to Equal Weight from Underweight at Stephens
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September 16, 2014
09:03 EDTCREECree files lawsuits to protect LED component intellectual property
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08:04 EDTVECOVeeco Odyssey IBD upgrade supports EUV commercialization roadmap
Veeco announced that its new Odyssey Ion Beam Deposition Upgrade for the NEXUS IBD-LDD System has repeatedly produced photomask blanks with zero deposition defects larger than 70 nanometers. This represents a significant milestone toward the manufacture of semiconductor devices with advanced extreme ultraviolet lithography.
September 15, 2014
11:40 EDTCREECree drops, levels to watch
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09:59 EDTCREEOn The Fly: Analyst Downgrade Summary
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09:59 EDTVECOOn The Fly: Analyst Upgrade Summary
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09:16 EDTCREEOn The Fly: Pre-market Movers
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05:40 EDTVECOVeeco upgraded to Neutral from Sell at Goldman
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05:37 EDTCREEAcuity Brands upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Acuity Brands to Buy saying growth in the company's LED lighting business is averaging over two-times the industry. Goldman is bullish on LED lighting adoption and raised its price target for shares to $153 from $128. The firm coupled the upgrade of Acuity with a downgrade of Cree (CREE) to Neutral.
05:35 EDTCREECree downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Cree (CREE) to Neutral citing slowing growth in the company's chip business. Goldman lowered its price target for Cree shares to $48 and $60 and prefers Acuity Brands (AYI) as an LED lighting investment. Shares of Cree closed Friday down 57c to $42.67. Goldman upgraded Acuity Brands this morning to Buy.
September 12, 2014
10:00 EDTCREEOn The Fly: Analyst Initiation Summary
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September 11, 2014
18:12 EDTCREECree initiated with a Market Perform at Cowen
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