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Fly News Breaks for August 28, 2018
CREE
Aug 28, 2018 | 07:00 EDT
Deutsche Bank analyst Sidney Ho last night initiated coverage of Cree with a Hold rating and $47 price target. The company's This transformation to focus on the fast-growing silicon carbide market has not gone unnoticed, with the stock nearly doubling since a year ago, Ho tells investors in a research note. The analyst believes Cree's current valuation seems to reflect most of its earnings growth potential. As such, he finds the stock fairly valued.
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