By: Benzinga
February 05, 2013 at 10:24 AM EST
UPDATE: Maxim Group Downgrades Cree to Hold on Limited Upside Potential
Maxim Group downgraded Cree (NASDAQ: CREE ) from Buy to Hold and removed the price target of $40.00. Maxim Group commented, "Driven less by fundamentals than valuation, we downgrade CREE to Hold, from Buy, as we believe the stock's sudden surge YTD now reflects the bulk of the potential upside
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