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Fly News Breaks for April 6, 2016
CREE
Apr 6, 2016 | 08:59 EDT
After Cree reported weaker than expected preliminary results, Northland analyst Tom Sepenzis says he believes the challenges facing the company's Lighting Segment will prove to be short-lived. The analyst expects Q3 to be just a one-quarter delay in Cree's rebound. He lowered his price target for the shares to $30 from $35 and keeps an Outperform rating on the name.
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