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Fly News Breaks for August 3, 2018
CREE
Aug 3, 2018 | 07:38 EDT
Canaccord analyst Jed Dorsheimer initiated Cree with a Buy rating citing the management team's focus on the high power, high value silicon carbide and gallium nitride components and LED components. He believes the company is well positioned in the various secular themes of electrification in the transportation markets as well as high voltage applications in industrial automation. Dorsheimer has a $61 price target on Cree shares.
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