UPDATE: Sterne Agee Maintains Buy on Cree, Says March Quarter Estimates Are Too High

In a report published Tuesday, Sterne Agee analyst John Shen maintained a Buy rating on Cree, Inc. (NASDAQ: CREE ), with a $72.00 price target. According to the report, while in-line revenue and EPS for the Dec Qtr are expected, analysts believe consensus estimates for the March quarter are