UPDATE: Jefferies Downgrades Cree (CREE) Two-Notches to Underperform
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Price: $79.12 --0%
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
9 Buy, 22 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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(Updated - January 17, 2013 7:23 AM EST)
Cree (NASDAQ: CREE) is down 2% after-hours Wednesday after Jefferies downgraded the stock from Buy to Underperform and cut its price target from $30 to $28.
While the firm is positive about LED demand trends, they see "overly optimistic" expectations.
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $32.18 yesterday.
Cree (NASDAQ: CREE) is down 2% after-hours Wednesday after Jefferies downgraded the stock from Buy to Underperform and cut its price target from $30 to $28.
While the firm is positive about LED demand trends, they see "overly optimistic" expectations.
For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.
Shares of Cree closed at $32.18 yesterday.
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