CREE: Goldman Ups Target to $46 on M&A Prospects
Shares of LED technology vendor Cree (CREE) are up $1.04, or 2.4%, at $44.19, after Goldman Sachs’s Brian Lee this morning reiterated a Buy rating on the shares and raised his price target to $46 from $39, writing that he thinks there is a “theoretical M&A value of $70″ for the stock, with a “medium [...]
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