Cree (CREE) -1.7% after receiving a downgrade to Hold from Deutsche, which thinks the LED...

|By:, SA News Editor

Cree (CREE) -1.7% after receiving a downgrade to Hold from Deutsche, which thinks the LED maker's growth and margin improvements are priced in following a 50% YTD gain. Deutsche notes Cree is trading at the high end of its historical valuation range, and sees limited demand catalysts for the seasonally weak March quarter.