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.
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.