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Technology Stocks : Wolf speed

WOLF 17.95

-3.6%

3:59 PM EST

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OldAIMGuy

From: slacker711	2/17/2021 6:52:16 AM
	1 Recommendation of 10713

Citi upgrades Cree, sees upside from electric vehicle penetration 06:07 CREE Citi analyst Amanda Scarnati upgraded Cree to Buy from Neutral with a price target of $160, up from $105. The stock over the next 12 months will positively react to any governmental or industry news regarding increases to electric vehicle penetration or restriction on emissions on internal combustion engines, Scarnati tells investors in a research note. The analyst believes that during President Biden's first State of the Union he will highlight his plan to invest $400B in clean energy, which includes improving battery technologies, restoring the tax credit for vehicles, and installing a national network of chargers. Scarnati views this positive for Cree. Read more at: thefly.com

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