Market Overview

Susquehanna Says Cree LED's Preferred Over Competitors, Shares Rally 3+%

Share:
Related CREE
15 Biggest Mid-Day Gainers For Monday
Benzinga's Top Upgrades, Downgrades For May 22, 2017

Earlier positive comments from Susquehanna analyst Mehdi Hosseini seem to be driving Cree (NASDAQ: CREE) shares up over 3.5 percent at last check.

According to Hosseini's Home Depot (NYSE: HD) survey, Cree's brand of LED light bulbs are being purchased more frequently compared to other store offerings.

Hosseini expects more LED manufacturers to offer sub-$10 bulbs later this year, with the average price of 60W LED bulbs down 3 percent in the last two weeks.

Susquehanna rates CREE at positive with a $72 PT.

CREE shares have climbed 3.77 percent to $65.30 at last check.

Latest Ratings for CREE

DateFirmActionFromTo
May 2017JMP SecuritiesUpgradesMarket PerformMarket Outperform
Apr 2017JP MorganUpgradesNeutralOverweight
Feb 2017JMP SecuritiesDowngradesMarket OutperformMarket Perform

View More Analyst Ratings for CREE
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings Movers

 

Related Articles (CREE + HD)

View Comments and Join the Discussion!