Cree (CREE) Tops Q4 EPS by 23c, Offers Q1 Guidance
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UBS Cuts Price Target on Cree (CREE) Following Sep-15 and FY16 Guidance
August 12, 2015 9:49 AM EDTUBS maintained a Neutral rating on Cree (NASDAQ: CREE), and cut the price target to $28.00 (from $30.50), following its Sep-15 and FY16 guidance. Cree guided Sep-15 quarterly sales and EPS to $420M and $0.21 which was in line with consensus. FY16 guidance was unchanged, except for FCF which was... More
