Cree to Sell Wolfspeed to Infineon for $850 Million Cash
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Canaccord Genuity Raises Price Target on Cree (CREE) Following Announced Wolfspeed Sale
July 15, 2016 10:42 AM EDTCanaccord Genuity reiterated a Hold rating on Cree (NASDAQ: CREE), and raised the price target to $24.00 (from $19.00), following the company's announced sale of its Wolfspeed Power & RF segment. Canaccord is incrementally more positive on Cree's financial standing following the announcement of this deal.... More
