JPMorgan Upgrades Cree (CREE) to Neutral

October 9, 2018 2:35 AM EDT
Get Alerts CREE Hot Sheet
Price: $96.60 +2.52%

Rating Summary:
    10 Buy, 22 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 26 | New: 45
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JPMorgan analyst Paul Coster upgraded Cree (NASDAQ: CREE) from Underweight to Neutral with a price target of $35.00.

The analyst believes recent underperformance as brought the risk/reward more inline with peers as the equity spot price achieves his price target.

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 $35.69 yesterday.

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