Mizuho lowered the firm’s price target on Wolfspeed (WOLF) to $2 from $5 and keeps an Underperform rating on the shares. The firm sees challenges ahead for the company from oversupply as China capacity ramps.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WOLF: