Cree price target raised to $57 from $43 at Piper Jaffray Piper raised its target on Cree after the company launched a LED bulb for under $10 and issued a positive preannouncement. The firm expects the new bulb to generate at least $194M-$272M in revenue for Cree, while supporting the company's gross margins. Piper maintains an Overweight rating on the shares.
News For CREE From The Last 14 Days
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