Wolfspeed price target raised to $15 from $10 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Wolfspeed to $15 from $10 but keeps an Equal Weight rating on the shares. The company’s announced $1.5B of funding should alleviate liquidity worries through 2026 and represents a “significant positive”, but execution by Wolfspeed is “paramount from here”, the analyst tells investors in a research note.