Piper Jaffray’s Jagadish Iyer today offers up the take-aways from a management roadshow with executives of light-emitting diode technology maker Cree (CREE), whose shares he rates Overweight, after raising his price target to $70 from $60.
Iyer writes that he came away from the meeting “bullish in terms of Cree’s growth prospects along with sustained profitability at least over the next 12-18 months as secular growth in lighting gets underway.” Read more.