Cree

Morgan Stanley is out with its report today on Cree (NASDAQ: CREE), lowering its PT from $35 to $28. In a note to clients, Morgan Stanley writes, "Price competition in LEDs for lighting is intense. Channel checks indicate Cree needs to cut prices or risk losing market share as competitors are...

Morgan Stanley has lowered the price target on Cree (NASDAQ: CREE) from $35 t0 $28 and maintains its Underweight rating.

Jefferies is out with its report today on Cree (NASDAQ: CREE), maintaining Buy after hosting a meeting with CREE management. In a note to clients, Jefferies writes, "The company believes the end market continues to grow, but that the slower rate and shorter lead time is caused by a problematic...

Morgan Stanley reiterated its Underweight rating on Cree (NASDAQ: CREE), in spite of the recent surge in Cree's share price. In a research report published today, Morgan Stanley expressed its belief that the recent 10% gain in Cree's value is unwarranted. As a result, it decided to leave its rating...

For the bears, Cree Inc.'s (NASDAQ: CREE) F3Q11 was a “dream come true: demand was weak; price was even weaker; revenue missed; margins plummeted; and inventory soared,” Oppenheimer reports. “Exiting 3Q11, a broad (if tepid) uptick in post-Chinese New Year demand and a sequential improvement in...

JP Morgan has lowered the price target on Cree (NASDAQ: CREE) from $62 to $56 and maintains its Overweight rating.

Jefferies, which lowered its PT on shares of Cree Inc. (NASDAQ: CREE), is providing some color on the stock. “Cree reported F3Q11 in line with prior guide-down and provided weak F4Q guidance. Given broken down technicals, we expect the stock to remain under pressure,” Jefferies writes. “However,...

Jefferies & Company has lowered the price target on Cree, Inc. (NASDAQ: CREE) from $58 to $46 and maintains its Buy rating.

Wunderlich Securities has downgraded Cree (NASDAQ: CREE) from Buy to Hold and has lowered the price target from $80 to $40.

According to Wunderlich, investors have recently been struggling with Cree (NASDAQ: CREE) shares trying to understand what the earnings power would be. Wunderlich reported that it believes it could be north of $3.00 per share. “In the less-than-$3.00 camp are analysts who look at the lighting...