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Wolfspeed price target lowered to $80 from $90 at Deutsche Bank
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Wolfspeed price target lowered to $80 from $90 at Deutsche Bank

Deutsche Bank analyst Robert Sanders lowered the firm’s price target on Wolfspeed to $80 from $90 and keeps a Hold rating on the shares. The analyst forecasts the company’s Q2 sales to decline 7% quarter-over-quarter given "well-understood" execution challenges in the materials business as well as reduced availability of spare parts at the Durham site.

Published first on TheFly

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