Stephens & Co. Upgrades Cree To Equalweight

Analysts at Stephens & Co. upgraded Cree CREE from Underweight to Equalweight. The target price for Cree is set to $42. Cree shares have dropped 30.22% over the past 52 weeks, while the S&P 500 index has gained 17.49% in the same period. Cree's shares surged 0.12% to $41.40 in pre-market trading.