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Enter Symbol:
Rating: CREE
Hold $26

Cree, Inc. (NASDAQ: CREE) reiterated to Hold with price target $26 by Canaccord Genuity

Wednesday,  Jan 20, 2016  8:25 AM ET by Kristen Bailey

Canaccord Genuity reiterated Cree, Inc. (NASDAQ: CREE) to Hold with price
target $26. Canaccord Genuity rated Cree, Inc. (NASDAQ: CREE) to Hold with price target $29 on 10/22/2014, when the price was $30.00.

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.

Canaccord Genuity’s global team of over 100 research professionals are inquisitive, experienced and committed to generating actionable investment ideas. We analyze over 725 companies in a broad range of market sectors, identifying value and defining risk for our clients.

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