Stephens downgraded Cree (NASDAQ: CREE) from Equal Weight to Underweight with a price target of $48 (from $52).
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 $74.32 yesterday, with a 52 week range of $28.08-$76.00.
I hear that Al Gore's been buying in the pre-market activity today. He's got a lot of Middle East money to spend.
Sentiment: Strong Buy
Good luck on that BS...See you at $30 or less...