Cree (CREE) Gets a Buy Rating from Oppenheimer
Oppenheimer analyst Colin Rusch assigned a Buy rating to Cree (CREE) today. The company’s shares opened today at $55.83, close to its 52-week high of $57.51.
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 12.5% and a 50.6% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
Currently, the analyst consensus on Cree is a Moderate Buy with an average price target of $51.20.
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The company has a one-year high of $57.51 and a one-year low of $33.72. Currently, Cree has an average volume of 1.16M.
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Cree, Inc. operates as an innovator of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. It operates through the following segments: Wolfspeed, LED Products, and Lighting Products.