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Fly News Breaks for October 31, 2019
Oct 31, 2019 | 09:03 EDT
Roth Capital analyst Craig Irwin lowered his price target for Cree to $61 from $67, saying the company's results were already well understood to reflect headwinds from the China trade dispute and volatile China EV sales. He believes the $500M+ Delphi SiC MOSFET contract is the largest single MOSFET contract in history, so progress should not be underestimated. Irwin maintains a Buy rating.
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