Cree price target raised to $83 from $78 at Wedbush After completing a teardown of the new Cree UR Series fluorescent replacement kit, Wedbush thinks the product has product margins well above conventional T8 and T5 fluorescent lamps, and profitability levels in-line with the company's corporate average. The firm expects Cree's margins from its chips and components businesses to rise and it keeps an Outperform rating on the shares.
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