Susquehanna Says Cree LED's Preferred Over Competitors, Shares Rally 3+%

Earlier positive comments from Susquehanna analyst Mehdi Hosseini seem to be driving Cree

shares up over 3.5 percent at last check. According to Hosseini's Home Depot

survey, Cree's brand of LED light bulbs are being purchased more frequently compared to other store offerings. Hosseini expects more LED manufacturers to offer sub-$10 bulbs later this year, with the average price of 60W LED bulbs down 3 percent in the last two weeks. Susquehanna rates CREE at positive with a $72 PT. CREE shares have climbed 3.77 percent to $65.30 at last check.