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Technology Stocks : Cree Inc.
CREE 34.770.0%Dec 8 8:10 PM ESTNews

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From: Don Green10/19/2017 1:49:05 PM
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Williams Capital Group downgrades Cree
Oct. 19, 2017
Brandy Betz,


Williams Capital Group downgrades Cree (NASDAQ: CREE) from Hold to Sell with a $27 price target.

Williams believes that Cree’s current valuation is overly optimistic.

The firm does approve of new CEO Gregg Lowe and the results of Wolfspeed but thinks the stock price is too high based partly on short covering

Cree shares are down 0.64%.
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