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

Rating:
Buy CREE
up 36.01 %

Cree, Inc. (CREE) upgraded to Buy with price target $55 by Morgan Joseph

Posted on: Wednesday,  Oct 21, 2009  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Cree, Inc. (NASDAQ: CREE) on 10/21/2009, when the stock price was $42.71. Since then, Cree, Inc.
has gained 36.01% of its value until Morgan Joseph rated CREE Hold on 01/14/2010, when the price was $58.09.
If you would have followed this Morgan Joseph's recommendation on CREE, you would have gained 36.01% of your investment in 85 days.

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.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2011 9:25 AM Buy
None
43.04 65.00
as of 12/31/2009
1 Week down  -6.90 %
1 Month up  7.17 %
3 Months up  20.01 %
1 YTD up  20.01 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/14/2010 8:25 AM Buy
None
82.13 100.00
1/14/2010 8:25 AM Hold
None
58.09
10/21/2009 8:25 AM Buy
None
42.71 55.00
7/14/2009 8:25 AM Hold
None
27.50

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