Piper Jaffray maintains an 'Overweight' rating on Cree, Inc. (And:
CREE), price target increased from $70 to $88.
says, "LED market remains a compelling growth opportunity. The LED market was roughly $6B in 2008 and we expect it to triple to $18B in 2013 (43% CAGR). Growth rates this high in markets this large are rare. We estimate that the general illumination market size for light bulbs of all kinds is roughly $20-$30 billion and fixtures are also roughly $25-$30 billion....MORE
Wednesday, April 21, 2010
"Piper Jaffray Maintains an 'Overweight' on Cree, Inc." and "Morgan Joseph Reiterates a 'Buy' on Cree, Inc." (CREE)
Posted by climateer at 8:34 AM