Cree price target raised to $46 from $40 at Susquehanna Susquehanna raised its price target on Cree following better than expected Q2 results. The firm believes management's guidance tone was conservative but expects a mix of new products and factory cost reductions will help revenues and gross margins. Shares are Positive rated.
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