Cree downgraded to Hold from Buy at Canaccord Canaccord downgraded Cree based on expectations for slowing gross margin expansion and an increased lighting systems-centric business model, which is not factored in to consensus expectations. Price target lowered to $32 from $38.
News For CREE From The Last 14 Days
Check below for free stories on CREE the last two weeks.
Cree April weekly volatility elevated at 100 into Q1 and outlook Cree April weekly call option implied volatility is at 100, June is at 48, September at 43; compared to its 26-week average of 42 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 24.