Information Provided By: 
Fly News Breaks for June 12, 2019
CREE
Jun 12, 2019 | 07:38 EDT
Canaccord analyst Jed Dorsheimer noted Cree lowered its financial guidance to reflect the US decision on Huawei but also announced a shortfall in the LED Products business as global trade concerns persist. The analyst said the guidance cut was disappointing but it does not diminish the longer-term opportunity the company has with the revolutionary SiC material. Dorsheimer maintained his Buy rating and $78 price target on Cree shares.
News For CREE From the Last 2 Days
There are no results for your query CREE
