JPMorgan Upgrades Cree (CREE) to Neutral

August 27, 2019 5:01 AM EDT
Get Alerts CREE Hot Sheet
Price: $92.41 +0.28%

Rating Summary:
    10 Buy, 22 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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JPMorgan analyst Paul Coster upgraded Cree (NASDAQ: CREE) from Underweight to Neutral with a price target of $45.00.

  • Cites the valuation for the upgrade.
  • Notes following the recent decline in valuation has brought the equity near fair valuation.

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 $43.18 yesterday.

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