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CREE

Cree

$58.48

-0.97 (-1.63%)

07:38
06/12/19
06/12
07:38
06/12/19
07:38

Cree guidance disappointing but long-term opportunity remains, says Canaccord

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.

  • 20

    Aug

CREE Cree
$58.48

-0.97 (-1.63%)

06/03/19
06/03/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Infinera (INFN) downgraded to Underweight from Neutral at JPMorgan with analyst Samik Chatterjee saying he sees a "heightened level of near-term and medium-term risks from the much more moderate level" of capex spending from cable customers. 2. Cree (CREE) downgraded to Market Perform from Outperform at BMO Capital with analyst Ambrish Srivastava saying he believes Cree is executing solidly on its transformation but finds the stock's risk/reward profile as fairly balanced at current levels. 3. Fortive (FTV) downgraded to Underperform from Market Perform at Cowen. 4. Big Lots (BIG) double downgraded to Underperform from Buy at BofA/Merrill with analyst Jason Haas saying the company's outlook for the rest of the year may be too optimistic and could be cut further. 5. Emerald Expositions Events (EEX) downgraded to Neutral from Buy at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/03/19
BMOC
06/03/19
DOWNGRADE
Target $55
BMOC
Market Perform
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.
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.
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.

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CTTAY

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YARIY

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CTVA

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Goldman Sachs

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$35.66

-0.36 (-1.00%)

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T

AT&T

$32.36

0.06 (0.19%)

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$42.31

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CMCSK

Comcast

$0.00

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$51.42

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Lionsgate

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Viacom

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

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DB

Deutsche Bank

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UAL

United Continental

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TGT

Target

$87.83

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INTC

Intel

$46.18

-0.54 (-1.16%)

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BA

Boeing

$347.19

-1.54 (-0.44%)

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  • 17

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

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BA

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ESLT

Elbit Systems

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AMGN

Amgen

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SILK

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EDIT

Editas Medicine

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SNSS

Sunesis

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