Scalper1 News
Cree (CREE) stock rose more than 3.5% in the stock market today after Needham & Co. upgraded the LED light maker to a buy from hold, citing strong demand for its products. In morning traded, though, the stock was up less than 1%, near 55.50. Needham analyst Edwin Mok also set a price target of 64 on the stock. “Based on strengthened demand for LED lighting, we believe CREE will deliver strong revenue and earnings growth in the coming quarters,” Scalper1 News
Scalper1 News