Cree was upgraded in Zacks Investment Research to “hold” rather than “sell”

In a research report sent to investors on Thursday, Zacks.com reports that Cree (NASDAQ: CREE) was upgraded from a "sell" to a "hold" rating by Zacks Investment Research. The company currently has a price target of $51.00 on the stock of the LED manufacturer. The price objective of Zacks Investment Research would show a potential upside of 5.85% from the previous closing of the stock.

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