Cree (CREE) Started at Outperform by SunTrust
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Shares of Cree (Nasdaq: CREE) are trading modestly higher in this evening's after-hours session as we are hearing that an analyst at Calyon Securities has initiated coverage of the stock with an Outperform rating and $45 price target.
After closing at $40.20, the stock most recently traded at $40.32, up about 0.3% from today's closing price.
Cree, Inc. develops and manufactures light emitting diode (LED) products, silicon carbide (SiC) and gallium nitride (GaN) material products, and power and radio frequency (RF) products.
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