News Breaks |
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| February 1, 2013 |
| 09:34 EDT |  | CREE | Cree could be worth $70 in a takeout, says Goldman
Goldman believes Cree could be a strategic fit for a non-traditional lighting OEM given its technology leadership, market share and brand power. The analyst assigned a $70 theoretical M&A value for Cree based on recent transactions in the space, LED adoption, and growing strategic appeal of its brands. Shares are Buy rated with a $46 price target, raised from $39. |
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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 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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| May 10, 2013 |
| 08:37 EDT | | CREE | Cree management to meet with Deutsche Bank
Field trip to company headquarters to be held in Durham, NC on May 10 hosted by Deutsche Bank. |
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