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Lazard Capital Reiterates Buy and PT of $50 on Cree
Wednesday, August 10, 2011 - 9:29am | 55Lazard Capital reiterated its Buy rating on Cree (NASDAQ: CREE). At the same time, the rating agency left its price target on the company's stock unchanged at $50. On Tuesday, CREE closed the day at $29.49. Its shares added 11.43% to their value in today's pre-market trading to stand around $32.86.
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Pre-Market Gainers; Demand Media up Over 16%
Wednesday, August 10, 2011 - 8:50am | 68Demand Media (NYSE: DMD) +16.28% after renewing advertising relationship with Google yesterday. Polo Ralph Lauren (NYSE: RL) +9.72 after reporting upbeat earnings today. Cree (NASDAQ: CREE) +11.16% OpenTable (NASDAQ: OPEN) +5.02 after Citi upgraded the company from Hold to Buy.
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Bronte Capital Questions Trina Solar for the Second Time
Wednesday, August 10, 2011 - 8:49am | 208On Wednesday, Bronte Capital published a second piece questioning Chinese solar company Trina Solar (NYSE: TSL). Bronte Capital cited concerns with the management and the company's capital expenditure. Bronte Capital writes, "Peter Mak…the head of the Audit Committee of Trina Solar…was the CFO of...
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Gabelli Upgrades CREE To Buy
Wednesday, August 10, 2011 - 8:44am | 18Gabelli has upgraded Cree (NASDAQ: CREE) from Hold to Buy.
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UPDATE: Morgan Keegan Lowers Price Target On Diodes To $26
Wednesday, August 10, 2011 - 8:20am | 89According to Morgan Keegan, Diodes (NASDAQ: DIOD) reported June qtr. results of $0.43/$169.8 million versus consensus $0.42/$174.3 million. Morgan Keegan said that EPS upside was driven by lower than anticipated operating expense which came in $600k below expectations and drove $0.02 to the bottom...
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Morgan Stanley Underweight On Cree
Wednesday, August 10, 2011 - 7:53am | 121Morgan Stanley is out with a research report on Cree (NASDAQ: CREE) and it has an Underweight rating on shares. In a note to clients, Morgan Stanley writes, "Cree beat in a tough environment as sales of its own light fixtures grew faster than we anticipated. Cree's product quality appears to be...
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News Summary for August 10, 2011
Wednesday, August 10, 2011 - 7:51am | 609This is your Benzinga news summary and traders' outlook for Wednesday, August 10, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower as traders take profits after a 400 point rally in the Dow...
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Benzinga's Top Pre-Market Losers
Wednesday, August 10, 2011 - 7:44am | 144Micron Technology Inc (NASDAQ: MU) dipped 3.07% to $6.00 in the pre-market session. MU shares have dropped 14.86% over the past 52 weeks, while the S&P 500 index has gained 4.59% in the same period. Carnival Corporation (NYSE: CCL) lost 2.48% to $31.05 in the pre-market session. CCL shares...
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UPDATE: Morgan Keegan Lowering Price Target On Cree
Wednesday, August 10, 2011 - 7:42am | 111Morgan Keegan is out with a research report on Cree, Inc. (NASDAQ: CREE) and is lowering its price target to $49 from $53, and it has an Outperform rating on shares. In a note to clients, Morgan Keegan writes, "CREE reported results of $0.28/$243 million vs. Street expectations of $0.27/$233...
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UPDATE: Jefferies Upgrades ON Semiconductors to Buy, Maintains PT at $9.50
Wednesday, August 10, 2011 - 7:09am | 50Jefferies upgraded its rating on ON Semiconductors (NASDAQ: ONNN) from Hold to Buy. At the same time, the rating agency left its price target on the company's stock unchanged at $9.50. On Tuesday, ONNN added 6.84% to its value to finish the day at $7.34.
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UPDATE: Jefferies Lowers PT on Cree Inc from $46 to $38
Wednesday, August 10, 2011 - 6:56am | 108Jefferies has published a report on Cree Inc (NASDAQ: CREE) lowering the price target from $46 to $38. In the report, Jefferies wrote, "Cree's F4Q11 results exceeded Street expectation but its F1Q12 guidance was below consensus. We believe Cree has bounced off the bottom and will resume its...
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Morgan Keegan Lowers PT On Diodes To $28
Wednesday, August 10, 2011 - 6:21am | 26Morgan Keegan has lowered the price target on Diodes (NASDAQ: DIOD) from $33 to $28 and maintains its Outperform rating.
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Morgan Keegan Lowers PT On CREE To $49
Wednesday, August 10, 2011 - 6:16am | 26Morgan Keegan has lowered the price target on Cree (NASDAQ: CREE) from $53 to $49 and maintains its Outperform rating.
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Jefferies Lowers PT On CREE To $38
Wednesday, August 10, 2011 - 5:54am | 26Jefferies & Company has lowered the price target on Cree (NASDAQ: CREE) from $46 to $38 and maintains its Buy rating.
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Jefferies Upgrades ONNN To Buy, $9.50 PT
Wednesday, August 10, 2011 - 5:47am | 25Jefferies & Company has upgraded ON Semiconductor (NASDAQ: ONNN) from Hold to Buy and maintains its $9.50 price target.