Wolfspeed (WOLF) 2800 contracts of December 20 calls and 700 contracts of April 12.50 puts trade

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Wolfspeed (WOLF) PT Lowered to $15 at BofA Securities

August 23, 2024 5:28 AM EDT

BofA Securities analyst Vivek Arya lowered the price target on Wolfspeed (NYSE: WOLF) to $15.00 (from $25.00) while maintaining a Underperform rating.

The analyst comments "WOLF is making progress in ramping its new 200mm Mohawk Valley (MHK) fab but it is more than offset by... More