Canaccord Genuity Downgrades Cree To Hold

Analysts at Canaccord Genuity downgraded Cree CREE from Buy to Hold. Cree shares have dropped 55.40% over the past 52 weeks, while the S&P 500 index has gained 10.64% in the same period. Cree's shares tumbled 13.97% to $28.52 in pre-market trading.