SIG Maintains Hold Rating on Wolfspeed, Lowers Price Target
Analyst firm SIG has maintained its 'Hold' rating on Wolfspeed, Inc. while reducing its price target for the company's stock.
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Wolfspeed shares are trading higher Thursday on possible continued strength after the company announced Wednesday after the market closed that it received a conditional loan commitment of up to $1.5 billion from the U.S. Department of Defense's Office of Strategic Capital.
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Analyst firm SIG has maintained its 'Hold' rating on Wolfspeed, Inc. while reducing its price target for the company's stock.
Wolfspeed, Inc (NYSE: WOLF), a global leader in silicon carbide technology, and Infineon Technologies AG (OTCQX:IFNNY) today announced the expansion and extension of their existing long-term silicon carbide (SiC) wafer