News Breaks |
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| January 17, 2013 |
| 08:35 EDT |  | CREE | Cree Q2 results likely to drive shares higher, says Maxim
Maxim expects Cree to report strong Q2 results on January 22 that drive analyst estimates and the stock higher. Maxim sees upside to Q2 and Q3 consensus estimates for Cree given the company's new distributor program that raises minimum orders and strong demand for new product launches. The firm keeps a Buy rating on Cree with a $38 price target. Note Jefferies downgraded Cree shares last night to Underperform from Buy. |
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News For CREE From The Last 14 Days Check below for free stories on CREE the last two weeks. |
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| May 22, 2013 |
| 10:00 EDT |  | CREE | On The Fly: Analyst Upgrade Summary
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| 08:09 EDT | | CREE | Cree upgraded at Sterne Agee
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| 06:31 EDT | | CREE | Cree upgraded to Buy from Neutral at Sterne Agee
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| 06:25 EDT |  | CREE | Global LED tube light shipments to reach 220M units in 2013, DigiTimes says
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| May 21, 2013 |
| 06:37 EDT | | CREE | Revenues for LED drivers to triple by 2015, Digitimes reports
Global revenues for LED ddrivers used in general lighting applications is expected to triple by 2015, reports DigiTimes. Citing IMS Research, the market governing LED driver ICs will surge to $666M in 2015 from $214M in 2012. Reference Link |
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| May 16, 2013 |
| 14:44 EDT |  | CREE | Cree management to meet with JPMorgan
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| May 14, 2013 |
| 10:01 EDT |  | CREE | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital. |
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| 07:36 EDT | | CREE | Cree price target raised to $73 from $62 at Lazard Capital
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| 07:25 EDT | | CREE | Cree downgraded at Sterne Agee
As previously reported, Sterne Agee downgraded Cree to Neutral from Buy. The firm's checks indicate Philips Lighting North America has been aggressive in its marketing efforts forcing agents to choose between Philips and Cree lighting products. The analyst believes this will result in increased disruptions for Cree and lowered its price target to $59 from $66. |
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| 06:17 EDT | | CREE | Cree downgraded to Neutral from Buy at Sterne Agee
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