Cree fundamentals remain intact, says Canaccord Canaccord said its latest checks throughout Asia indicate fundamentals remain intact and yielded no surprises. The firm maintains its Buy rating but is not opposed to locking in some profits given recent strength. Shares are Buy rated with a $38 price target.
News For CREE From The Last 14 Days
Check below for free stories on CREE the last two weeks.
Navigant: High-bay lighting market shifting to LEDs, DigiTimes reports Navigant says LED luminaries and lamps for high-bay lighting applications is expected to reach $7B in annual revenues by 2021 from $2.6B in 2014, reports DigiTimes. Navigant says that falling prices and rising efficacy of LEDs will create a tipping point for the large-scale adoption of LEDs in this segment. Reference Link