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Fly News Breaks for June 17, 2019
CREE
Jun 17, 2019 | 07:41 EDT
JMP Securities analyst Joseph Osha raised his price target on Cree shares to $81 from $71 and reiterated his Outperform rating on the stock following a recent visit to the company's headquarters, stating that his meetings with management highlighted the company's commitment to silicon carbide. He sees Cree's semiconductor business growing 30% to 40% annually for the next several years, Osha tells investors.
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