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Fly News Breaks for March 20, 2018
CREE
Mar 20, 2018 | 07:49 EDT
Deutsche Bank analyst Vishal Shah raised his price target for Cree to $52 to reflect his increased estimates post the acquisition of Infineon's RF power business. The analyst sees "significant upside" to consensus estimates on the expected takeoff of the 4G+/5G market demand beyond the 2020 timeframe and Wolfspeed's ability to gain market share with its new RF assets. He keeps a Buy rating on Cree.
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