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Fly News Breaks for June 3, 2019
CREE
Jun 3, 2019 | 05:07 EDT
BMO Capital analyst Ambrish Srivastava downgraded Cree to Market Perform from Outperform with an unchanged price target of $55. The analyst believes Cree is executing solidly on its transformation but finds the stock's risk/reward profile as fairly balanced at current levels. Srivastava's upside scenario suggests the stock could go to $70 and his downside scenario suggests a price of $43.
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