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Stock Market & Financial Investment News

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February 1, 2013
09:34 EDTCREECree 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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