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CREE

Cree

$57.82

-0.66 (-1.13%)

09:58
06/12/19
06/12
09:58
06/12/19
09:58

Cree guidance brings 'compelling entry point,' says Roth Capital

Roth Capital analyst Craig Irwin sees a "compelling entry point" into Cree after the company yesterday morning lowered its Q4 revenue guidance by $18.5M at the midpoint. Cree attributed $15M of this to Huawei's ban by the Department of just 14 days after it issued financial guidance, Irwin tells investors in a research note. He sees the news as "lifting the visibility overhang," since "nobody owns shares of Cree for its supply position at Huawei." Both the silicon-carbide "mega growth theme" and the number of electric vehicles slated for introduction by 2023 remain unchanged, contends Irwin. He reiterates a Buy rating on Cree shares while reducing his price target to $67 from $73.

  • 20

    Aug

CREE Cree
$57.82

-0.66 (-1.13%)

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.
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.
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.
06/12/19
ADAM
06/12/19
NO CHANGE
Target $78
ADAM
Buy
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.

TODAY'S FREE FLY STORIES

FSUGY

Fortescue Metals

$0.00

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TCDA

Tricida

$35.08

-0.07 (-0.20%)

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CTL

CenturyLink

$10.91

0.16 (1.49%)

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MORF

Morphic Holdings

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WBA

Walgreens Boots Alliance

$52.40

-0.59 (-1.11%)

, MKC

McCormick

$150.58

-2.545 (-1.66%)

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Patterson Companies

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ADPT

Adaptive Biotechnologies

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BBIO

BridgeBio

$0.00

(0.00%)

20:15
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  • 26

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CHNG

Change Healthcare

$0.00

(0.00%)

20:14
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  • 26

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INXN

Interxion

$73.09

-1.97 (-2.62%)

20:11
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Interxion 4M share Secondary priced at $72.75 »

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  • 27

    Jun

LECO

Lincoln Electric

$80.24

0.1 (0.12%)

20:09
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06/26
20:09
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20:09
Downgrade
Lincoln Electric rating change at KeyBanc »

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CMCSA

Comcast

$42.11

-0.64 (-1.50%)

, CMCSK

Comcast

$0.00

(0.00%)

18:55
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MSNBC charging markup for ads in first two Dem debates, WSJ says »

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CMCSA

Comcast

$42.11

-0.64 (-1.50%)

CMCSK

Comcast

$0.00

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  • 25

    Jul

MLHR

Herman Miller

$37.86

0.75 (2.02%)

, KBH

KB Home

$23.58

-0.24 (-1.01%)

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MLHR

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KBH

KB Home

$23.58

-0.24 (-1.01%)

PECK

Peck

$6.50

0.18 (2.85%)

VRCA

Verrica Pharmaceuticals

$9.44

-0.1 (-1.05%)

PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

RAD

Rite Aid

$7.11

0.26 (3.80%)

ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

BA

Boeing

$375.05

5.68 (1.54%)

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  • 26

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  • 01

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OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

, APC

Anadarko

$70.50

0.41 (0.58%)

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OXY

Occidental Petroleum

$50.42

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APC

Anadarko

$70.50

0.41 (0.58%)

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  • 27

    Aug

PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

18:15
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  • 26

    Jun

FB

Facebook

$187.60

-1.27 (-0.67%)

, AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

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FB

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$187.60

-1.27 (-0.67%)

AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

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  • 26

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NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

18:05
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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:04
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Investar Holding increases quarterly dividend 5% to 5.5c per share »

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:02
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Investar Holding authorizes additional 300,000 share repurchase »

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GD

General Dynamics

$178.77

1.12 (0.63%)

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TM

Toyota

$123.23

-0.68 (-0.55%)

, SFTBF

SoftBank

$0.00

(0.00%)

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TM

Toyota

$123.23

-0.68 (-0.55%)

SFTBF

SoftBank

$0.00

(0.00%)

MZDAF

Mazda

$0.00

(0.00%)

SZKMF

Suzuki

$0.00

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FUJHY

Subaru

$0.00

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ISUZY

Isuzu Motors

$0.00

(0.00%)

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UAL

United Continental

$85.32

0.27 (0.32%)

, BA

Boeing

$375.05

5.68 (1.54%)

17:47
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United takes 737 MAX off flying schedule until September 3, Reuters says »

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UAL

United Continental

$85.32

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BA

Boeing

$375.05

5.68 (1.54%)

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  • 09

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NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

17:43
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Nomad Foods initiated at Goldman Sachs »

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AMC

AMC Entertainment

$9.45

-0.03 (-0.32%)

, HMNY

Helios and Matheson

$0.00

(0.00%)

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AMC

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$9.45

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HMNY

Helios and Matheson

$0.00

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SECCF

Serco Group

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

(0.00%)

17:41
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Serco Group, BAE Systems awarded not exceed $747.1M combined Navy contracts »

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SECCF

Serco Group

$0.00

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BAE Systems

$0.00

(0.00%)

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ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

17:28
06/26/19
06/26
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Hot Stocks
Aclaris Therapeutics plunges 33% after Phase 2 results miss endpoints »

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  • 26

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