Active Stock Alerts: Cree, RailAmerica, MEMC, Coinstar May 23rd

Cree Inc. (NASDAQ:CREE): Wunderlich sees similarities between Cree (NASDAQ:CREE) and First Solar (NASDAQ:FSLR) since both companies use raw materials no one else uses to make their respective products, which is an advantage so long as competing materials are expensive. Wunderlich says the product used by Cree’s competitors, sapphire, is getting cheap, and reiterates a Sell rating on the stock with a $20 price target. The firm says First Solar’s downfall happened when the product used by its competitors, polysilicon, began to fall in price.

RailAmerica, Inc. (NYSE:RA): After RailAmerica announced that its board is considering strategic alternatives and is engaged in discussions with third parties, Wells Fargo doesn’t believe that the move was prompted by any problems at the company. The firm continues to like the company’s fundamentals and reiterates an Outperform rating.

MEMC Electronic Materials Inc. (NYSE:WFR): Susquehanna lowered its price target on MEMC Electronics citing accelerating liquidity and credit risks during Q2. Shares are Neutral rated

Coinstar Inc. (NASDAQ:CSTR): Pacific Crest believes that Coinstar’s Q2 title release schedule appears to be very strong, and should enable the company to surpass consensus Q2 estimates. The firm thinks the strong lineup could add an incremental 14c to Coinstar’s EPS, and Pacific Crest maintains an Outperform rating on the shares.

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