Why Cree Stock Just Popped 10%
Shares of LED lighting specialist Cree (NASDAQ: CREE) were up 9.8% as of 11:40 a.m. EDT Wednesday in response to an upgrade from JP Morgan.
The investment bank upgraded shares of Cree from underweight to neutral, and assigned the stock a $60 price target that implies about 10% further upside after Wednesday's bump.
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Source Fool.com