Analysts have been eager to weigh in on the Technology sector with new ratings on Boeing (BA) and Cree (CREE).
Boeing (BA)
Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on Boeing yesterday and set a price target of $175.00. The company’s shares closed last Wednesday at $139.00, close to its 52-week low of $89.00.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 13.0% and a 63.5% success rate. Herbert covers the Technology sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and CPI Aerostructures.
Currently, the analyst consensus on Boeing is a Moderate Buy with an average price target of $179.44, a 30.0% upside from current levels. In a report issued on April 20, Citigroup also downgraded the stock to Hold with a $175.00 price target.
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Cree (CREE)
In a report released yesterday, Jonathan Dorsheimer from Canaccord Genuity maintained a Buy rating on Cree, with a price target of $53.00. The company’s shares closed last Wednesday at $46.25.
According to TipRanks.com, Dorsheimer is a 1-star analyst with an average return of -3.2% and a 41.9% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as Stmicroelectronics, IPG Photonics, and Plug Power.
Cree has an analyst consensus of Moderate Buy, with a price target consensus of $43.50, a 1.7% upside from current levels. In a report issued on April 20, Goldman Sachs also maintained a Buy rating on the stock with a $48.00 price target.
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