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Technology Stocks : Wolf speed

WOLF 18.62

-7.9%

Nov 6 3:59 PM EST

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From: slacker711	12/7/2020 7:35:35 AM
	of 10712

UPDATE: Morgan Stanley Downgrades Cree (CREE) to Equalweight on Valuation, Remains Best Way to Play EV Article Stock Quotes (1) (updating comment) Morgan Stanley analyst Craig Hettenbach downgraded Cree (NASDAQ: CREE) from Overweight to Equalweight with a price target of $93.00 (from $74.00). The analyst comments "CREE is the best way to play EVs in our coverage, but after a big move in the stock we're having difficultly underwriting upside. A repositioning of the business to its strength in SiC has been rewarded with significant multiple expansion, which also raises the bar on what Cree needs to deliver." For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here. Shares of Cree closed at $93.50 yesterday.

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