Cree (CREE +2.1%) treks higher after Raymond James and Cantor issue dueling notes ahead of its...

|By:, SA News Editor

Cree (CREE +2.1%) treks higher after Raymond James and Cantor issue dueling notes ahead of its Tuesday FQ2 report. RJ considers Cree's run-up unsustainable, expects FQ2 results to modestly disappoint, and also sees risks to consensus estimates for later quarters. Cantor thinks FQ3 guidance could disappoint, but also forecasts an FQ2 beat and expects a strengthening of Cree's business in April. (Canaccord downgrade)