Cree results do not change long-term growth story, says Needham Needham believes Cree's Q4 results do not change the company's long-term growth story and the firm keeps a Buy rating on the stock. Needham lowered its price target for shares to $74 from $80, but says Cree's Q1 outlook looks conservative and that its gross margins should recover.
News For CREE From The Last 14 Days
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Credit Suisse to hold a conference 2013 Annual Technology Conference is being held in Scottsdale, Arizona on December 2-5 with webcasted company presentations beginning on December 4 at 10:15 am; not all company presentations may be webcasted. Webcast Link