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CREE

Cree

$55.14

-1.44 (-2.55%)

05:07
06/03/19
06/03
05:07
06/03/19
05:07

Cree downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst Ambrish Srivastava downgraded Cree to Market Perform from Outperform with an unchanged price target of $55. The analyst believes Cree is executing solidly on its transformation but finds the stock's risk/reward profile as fairly balanced at current levels. Srivastava's upside scenario suggests the stock could go to $70 and his downside scenario suggests a price of $43.

  • 10

    Jun

  • 20

    Aug

CREE Cree
$55.14

-1.44 (-2.55%)

05/02/19
OPCO
05/02/19
DOWNGRADE
OPCO
Perform
Cree downgraded to Perform from Outperform at Oppenheimer
05/02/19
OPCO
05/02/19
DOWNGRADE
OPCO
Perform
Oppenheimer downgrades Cree with turnaround priced into shares
Oppenheimer analyst Colin Rusch downgraded Cree to Perform from Outperform without a price target. Management has executed well on its turnaround plan, but this is currently reflected in the shares, Rusch tells investors in a research note. He believes upside from current stock levels would require Cree to successfully compete with its customers in serving the transportation sector with power conversion devices. Citing a lack of visibility into awards from auto manufacturers and uncertainty around the LED business, Rusch steps to the sidelines with respect to Cree shares.
05/02/19
ADAM
05/02/19
NO CHANGE
Target $78
ADAM
Buy
Cree price target lowered to $78 from $81 at Canaccord
Canaccord analyst Jed Dorsheimer lowered his price target for Cree to $78 from $81 and maintained a Buy rating following the company's Q3 earnings report, saying that while Cree continues to see strong secular growth opportunities for the Wolfspeed business, softer Q4 guidance reflects the inevitable lumpiness associated with early adoption of this secular trend. Dorsheimer tells investors in a research note that he continues to view Cree as well positioned as the SiC value proposition remains strong in battery EV, but recognizes the early nature of a potential ramp.
05/02/19
05/02/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hilton (HLT) downgraded to Hold from Buy at Deutsche Bank with analyst Carlo Santarelli saying he's making a stock call on valuation, not a company call. He expects the stock to take a "breather" following the post-earnings rally. 2. Estee Lauder (EL) was downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at DA Davidson. 3. Scotts Miracle-Gro (SMG) downgraded to Underperform from Neutral at BofA/Merrill with analyst Christopher Carey saying Scotts reported "solid" Q1 results, but he is concerned about difficult comps ahead and market expectations for a guidance raise. 4. GrubHub (GRUB) downgraded to Hold from Buy at Argus with analyst John Staszak saying he believes that the company will see higher costs and margin pressure as it enters new markets and also warns that differentiation challenges relative to the emerging competition could slow its growth rate over the coming several years. 5. Cree (CREE) downgraded to Perform from Outperform at Oppenheimer wth analyst Colin Rusch saying management has executed well on its turnaround plan, but this is currently reflected in the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

WU

Western Union

$24.25

-0.1 (-0.41%)

05:29
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Hot Stocks
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LNG

Cheniere Energy

$63.88

0.15 (0.24%)

05:28
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  • 01

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THLEF

Thales

$0.00

(0.00%)

05:27
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KIM

Kimco Realty

$21.40

0.17 (0.80%)

05:26
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ROIC

Retail Opportunity

$18.94

0.025 (0.13%)

05:26
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10/23
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Retail Opportunity rating change  »

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ING

ING Group

$11.52

-0.04 (-0.35%)

05:25
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05:25
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  • 31

    Oct

SWSDF

Swiss Life

$0.00

(0.00%)

05:24
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05:24
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Swiss Life rating change  »

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LRAD

LRAD Corporation

$3.35

-0.1 (-2.90%)

, GNSS

Genasys

$3.35

-0.1 (-2.90%)

05:22
10/23/19
10/23
05:22
10/23/19
05:22
Hot Stocks
LRAD Corporation announces rebranding to 'Genasys', new symbol 'GNSS' »

LRAD Corporation…

LRAD

LRAD Corporation

$3.35

-0.1 (-2.90%)

GNSS

Genasys

$3.35

-0.1 (-2.90%)

03/08/13
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CRWD

Crowdstrike

$46.15

-1.1 (-2.33%)

05:21
10/23/19
10/23
05:21
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05:21
Initiation
Crowdstrike initiated  »

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  • 12

    Dec

FMS

Fresenius Medical

$32.21

-2.05 (-5.98%)

05:20
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10/23
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05:20
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Fresenius Medical rating change  »

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  • 29

    Oct

UXIN

Uxin

$2.72

0.07 (2.64%)

05:19
10/23/19
10/23
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05:19
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Uxin rating change  »

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SNAP

Snap

$14.00

-0.58 (-3.98%)

05:18
10/23/19
10/23
05:18
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05:18
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Snap rating change  »

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  • 21

    Nov

IRBT

iRobot

$53.88

-1.82 (-3.27%)

05:17
10/23/19
10/23
05:17
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05:17
Recommendations
iRobot analyst commentary  »

iRobot price target…

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  • 23

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    Dec

HINOY

Hino Motors

$0.00

(0.00%)

05:13
10/23/19
10/23
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05:13
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03/08/13
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03/08/13
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NOW

ServiceNow

$228.26

-12.315 (-5.12%)

05:10
10/23/19
10/23
05:10
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05:10
Recommendations
ServiceNow analyst commentary  »

ServiceNow shares may…

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  • 23

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LAMR

Lamar Advertising

$83.25

0.44 (0.53%)

05:05
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10/23
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05:05
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Lamar Advertising rating change  »

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  • 05

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NOW

ServiceNow

$228.26

-12.315 (-5.12%)

05:04
10/23/19
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Downgrade
ServiceNow downgraded to Neutral from Buy at Mizuho »

Mizuho analyst Gregg…

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  • 23

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CISN

Cision

$10.08

1.63 (19.29%)

05:00
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  • 19

    Nov

CQP

Cheniere Energy Partners

$44.39

-0.44 (-0.98%)

04:58
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  • 04

    Dec

CEQP

Crestwood Equity

$34.00

0.01 (0.03%)

04:57
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  • 29

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04:55
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Conference/Events
FBN Securities finance analyst to hold a dinner meeting »

Head of Trading Naso…

AB

AllianceBernstein

$27.90

-0.57 (-2.00%)

, AVLR

Avalara

$64.56

-2.27 (-3.40%)

04:55
10/23/19
10/23
04:55
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04:55
Conference/Events
Associated for Financial Professionals to hold a conference »

AFP 2019 will be held in…

AB

AllianceBernstein

$27.90

-0.57 (-2.00%)

AVLR

Avalara

$64.56

-2.27 (-3.40%)

AXP

American Express

$118.64

-0.46 (-0.39%)

BCS

Barclays

$8.43

-0.09 (-1.06%)

BBT

BB&T

$53.46

0.01 (0.02%)

BBD

Banco Bradesco

$8.53

0.38 (4.67%)

BK

BNY Mellon

$46.15

0.48 (1.05%)

BL

BlackLine

$46.13

-1.45 (-3.05%)

BLK

BlackRock

$450.30

-3.49 (-0.77%)

BMO

Bank of Montreal

$74.56

0.1 (0.13%)

C

Citi

$72.08

0.24 (0.33%)

COF

Capital One

$92.16

0.8 (0.88%)

DB

Deutsche Bank

$7.91

-0.175 (-2.16%)

FII

Federated Investors

$31.65

-0.39 (-1.22%)

FITB

Fifth Third

$28.30

0.26 (0.93%)

GS

Goldman Sachs

$209.60

0.3 (0.14%)

HSBC

HSBC

$39.21

0.07 (0.18%)

INTL

INTL FCStone

$39.73

-0.63 (-1.56%)

JPM

JPMorgan

$124.87

1.31 (1.06%)

MS

Morgan Stanley

$45.38

0.38 (0.84%)

MSFT

Microsoft

$136.39

-2.05 (-1.48%)

MTB

M&T Bank

$156.36

2.29 (1.49%)

MUFG

Mitsubishi UFJ

$5.14

-0.005 (-0.10%)

USB

U.S. Bancorp

$56.66

0.47 (0.84%)

V

Visa

$170.89

-5.63 (-3.19%)

WFC

Wells Fargo

$50.63

0.18 (0.36%)

WK

Workiva

$39.09

-1.42 (-3.51%)

SAP

SAP

$131.78

-0.91 (-0.69%)

STT

State Street

$66.03

0.61 (0.93%)

STI

SunTrust

$68.83

0.05 (0.07%)

TD

Toronto-Dominion

$57.01

0.21 (0.37%)

PRU

Prudential

$91.22

0.37 (0.41%)

UBS

UBS

$11.49

-0.04 (-0.35%)

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  • 04

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  • 14

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    Jan

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    Jan

NRCG

NRC Group

$13.00

0.32 (2.52%)

, ECOL

US Ecology

$66.51

1.535 (2.36%)

04:55
10/23/19
10/23
04:55
10/23/19
04:55
Conference/Events
US Ecology to host special shareholder meeting »

Special Shareholder…

NRCG

NRC Group

$13.00

0.32 (2.52%)

ECOL

US Ecology

$66.51

1.535 (2.36%)

03/08/13
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  • 23

    Oct

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    Oct

HAS

Hasbro

$100.00

-20.11 (-16.74%)

04:55
10/23/19
10/23
04:55
10/23/19
04:55
Conference/Events
Hasbro management to meet with RBC Capital »

Meetings to be held in…

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  • 23

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RIGL

Rigel Pharmaceuticals

$1.68

(0.00%)

04:55
10/23/19
10/23
04:55
10/23/19
04:55
Conference/Events
Rigel Pharmaceuticals to hold a conference call »

Key Opinion Leader Dr.…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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