Morgan Joseph Reiterates CREE Buy, $100 Price Target
Posted on April 21, 2010 at 09:33 AM EDT
Morgan Joseph is out reiterating its Buy rating on CREE after last night’s earnings report. They also maintain the price target of $100. Hat tip to Street Insider for the following analyst comment. “Given solid execution and the stronger than expected LED business, we are again increasing our CY2010 revenue and non-GAAP EPS estimates to $1.05bn [...]