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Fly News Breaks for April 26, 2017
CREE
Apr 26, 2017 | 05:51 EDT
JPMorgan analyst Paul Coster downgraded Cree to Neutral citing a "slow recovery ahead" following the "noisy" Q3 results and weaker than expected Q4 outlook. The analyst thinks the company's recovery in revenues and margins will be gradual. He cut his price target for the shares to $25 from $30.
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