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Fly News Breaks for March 7, 2018
CREE
Mar 7, 2018 | 04:49 EDT
Goldman Sachs analyst Brian Lee upgraded Cree to Neutral and raised his price target for the shares to $39 from $31. The company's transformation at the Wolfspeed segment is progressing more quickly than expected, Lee tells investors in a research note. He believes, however, that the stock's valuation "still appears challenging."
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