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Cree, Inc. (CREE) [hlAlert]

Rating:
Above Average
CREE
down 45.18 %

Cree, Inc. (CREE) rated Above Average with price target $55 by Caris & Company

Posted on: Friday,  Oct 22, 2010  9:25 AM ET by Caris & Company

Caris & Company rated Above Average Cree, Inc. (NASDAQ: CREE) on 10/22/2010, when the stock price was $49.13.
Since then, Cree, Inc. has lost 45.19% as of 01/20/2016's recent price of $26.93.
If you would have followed this Caris & Company's recommendation on CREE, you would have lost 45.18% of your investment in 1916 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.

Caris & Company, an investment bank created by a diverse group of leading Wall Street professionals. We are founded on the basic principle that Wall Street requires a different type of organization: One that offers objective, conflict-free research, acute focus on customer service, broad institutional coverage, and an unwavering commitment to increasing the value of our clients' portfolios. Quite simply, our goal is to generate solid investment ideas for our clients. We offer a unique, differentiated, conflict-free research perspective on large, mid, and small capitalization companies in four growth oriented verticals: Health Care, Technology, Energy, and Consumer.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/22/2010 9:25 AM Buy
None
49.13 55.00
as of 12/31/2010
1 Week down  -24.57 %
1 Month down  -21.35 %
3 Months up  4.33 %
1 YTD up  4.33 %

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