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January 15, 2014
07:16 EDTCREECree longer term outlook still positive, says Wedbush
Wedbush expects Cree to report roughly in-line Q2 results and thinks the company could provide weak Q3 guidance,. However, the firm believes that the company's margins and revenue can expand over the longer term, as LED chip prices increase. The firm keeps a $77 price target and Outperform rating on the stock.
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