Cree And LodgeNet Among Morgan Joseph’s Top Six: CNBC (CREE, GLDD, LNET, MAT, SPPI)

Morgan Joseph has come out with its annual “Stellar Six Stock Picks”. In an interview with CNBC, Morgan Joseph’s managing director, David Kestenbaum, shared his insight. His firm has picked Cree (NASDAQ: CREE), Great Lakes Dredge & Dock (NASDAQ: GLDD) and four other stocks as its favorites.

Cree has been given a price target of $100. Great Lakes Dredge & Dock is likely to touch $7 mark. Kestenbaum said that the stock is a good buy at the current price level. LodgeNet Interactive (NASDAQ: LNET) has been given a price target of $8.50, whereas Mattel (NASDAQ: MAT) is expected to reach a price level of $28.

Morgan Joseph also likes small-cap biotech firm Spectrum Pharmaceuticals (NASDAQ: SPPI), with $8 price target.