Cree price target raised to $41 from $35 at Stifel Nicolaus Stifel Nicolaus raised its target on Cree after the company reported stronger than expected Q2 results. The firm expects the company's margins to continue to increase and it reiterates a Buy rating on the shares.
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