"Cree: The Street Sees The Light; Gabelli Says Buy; Lazard Ups Ests" (CREE)

From Tech Trader Daily:

Cree (CREE) shares are getting a modest lift today from a pair of upbeat notes on the LED lighting company.

• Gabelli & Co. analyst Hendi Susanto this morning launched coverage of Cree with a Buy rating and a price target of $100 a share. “We believe the secular growth of the LED industry combined with the company’s new capacity expansion, projected earnings growth and consistent execution on cost reduction will result in continued earnings upside,” he writes. Susanto projects EPS of $1.35 this year, $2.20 next year and $2.85 the year after that....MORE

Previously:

Yesterday's Funniest Headline: "Uptrend Spotted in Shares of Cree (CREE)"

Cree Inc. CHAIRMAN, PRESIDENT AND CEO Charles M Swoboda sells 77,500 Shares (CREE)

Is Brigantine Advisors Analyst Ramesh Misra (PhD.) the Dumbest Guy on the Street? (CREE; FSLR)

17 Projects Shaping the Future of LED Lights (AMAT; CREE; GE; PANL; PHG; UTEK)

Cree Crushes Street Estimates; Stock Leaps (CREE)
(lots o'links)