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.
IHS: LED industry faces pivotal year in 2015, DigiTimes reports IHS says 2015 could be a pivotal year for the global LED industry due to the growing market share of Chinese LED companies throughout the value chain, reports DigiTimes. IHS adds that China vendors must overcome negative perceptions of product quality while maintaining their low pricing. Increased marketing of cloud-based msart lighting could gain mindshare in 2015. Reference Link