Goldman Sachs Downgrades Cree To Neutral, Shares Slip

Analysts at Goldman Sachs downgraded Cree CREE from Buy to Neutral. The target price for Cree has been lowered from $60 to $48. Cree shares have dropped 28.06% over the past 52 weeks, while the S&P 500 index has gained 16.96% in the same period. Cree's shares tumbled 3.46% to $41.20 in pre-market trading.
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Posted In: DowngradesAnalyst RatingsGoldman Sachs
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