Wolfspeed price target lowered to $10 from $12 at TD Cowen
The Fly

Wolfspeed price target lowered to $10 from $12 at TD Cowen

TD Cowen lowered the firm’s price target on Wolfspeed (WOLF) to $10 from $12 and keeps a Hold rating on the shares. The firm said they posted light F1Q sales and guide 16% below Street on industrial/EV headwinds affecting both device and materials.

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