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Enter Symbol:
Cree, Inc. (CREE) [hlAlert]

down 49.02 %

Cree, Inc. (CREE) upgraded to Outperform with price target $59 by Oppenheimer

Posted on: Thursday,  Jul 3, 2014  12:00 AM ET by Oppenheimer

Oppenheimer rated Outperform Cree, Inc. (NASDAQ: CREE) on 07/03/2014. Previously Oppenheimer rated Perform
Cree, Inc. (NASDAQ: CREE) on 02/19/2013., when the stock price was $44.47. Since then, Cree, Inc. has gained 18.80% as of 07/03/2014's recent price of $52.83.

Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/3/2014 12:00 AM Buy
52.83 59.00
as of 10/17/2014
1 Week up  7.66 %
1 Month down  -21.82 %
3 Months down  -31.43 %
1 YTD down  -37.28 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/19/2013 8:25 AM None
1/23/2013 8:25 AM Buy
39.70 42.00
1/19/2011 8:25 AM Buy
54.47 79.00
10/20/2010 8:25 AM Buy
47.92 94.00
9/19/2008 8:25 AM Buy
28.00 31.00

(*) Stock Price at the time of the recommendation.
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