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Fly News Breaks for October 19, 2016
CREE
Oct 19, 2016 | 09:25 EDT
As previously reported, Stephens analyst Harsh Kumar downgraded Cree to Equal Weight from Overweight on his belief that the growth as well margin progression has been slower than expected since the ERP issues that hit the company earlier this year. The analyst also lowered his price target on the shares to $25 from $35.
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