Cree (CREE -2%) dips on cautious comments out of Deutsche today, saying the shares may have been...

|By:, SA News Editor

Cree (CREE -2%) dips on cautious comments out of Deutsche today, saying the shares may have been pricing in good news over the near-term, but the set-up going into the March quarter earnings may not be so positive. The firm expects results to be in-line with estimates and feels the stock may have overshot the drop zone from a valuation perspective.