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Analyst Highlights Three Main Factors For Cree's Q3 Guidance Cut; Stock Falls ~20%

2016-04-06 17:14:55| Semiconductors - Topix.net

Cree, Inc. pre-announced its F3Q results, with the revenue and EPS below the guidance, driven by lower lighting product revenues. Summit Research's Srini Sundararajan maintains a Hold rating on the company, while lowering the price target from $30 to $25.

Tags: main stock cut factors

Category:Electronics and Electrical

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