UPDATE: Sterne Agee Upgrades Cree to Buy, Raises PT to Correct Overly Aggressive Estimate Cut
May 22, 2013 at 09:08 AM EDT
In a report published Wednesday, Sterne Agee analyst Andrew Huang upgraded the rating on Cree (NASDAQ: CREE ) from Neutral to Buy, and raised the price target from $59.00 to $72.00. In the report, Sterne Agee noted, “In our downgrade last week, we overestimated the potential impact from Philips ‘flexing
