By: Wall Street Pit
January 07, 2013 at 08:51 AM EST
Cree Inc. (CREE): Business Model Shifting; Price Target Lowered – Canccord
Wall Street Pit Canaccord’s Jonathan Dorsheimer is making a very interesting call this morning downgrading Cree Inc. (NASDAQ:CREE) to Hold from Buy with a $32 price target (prev. $38) - Dorsheimer believes that their thesis of GM expansion from the transition of legacy components to SC3 has largely played out and is reflected in the stock. He thinks [...] View the full post at: Cree Inc. (CREE): Business Model Shifting; Price Target Lowered – Canccord Related posts: Does China Offer an Alternate Economic Model? Pawlenty’s Wishful Thinking
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