Cree (CREE) -1.9% following a downgrade to Underperform from Jefferies, the latest move in an...

|By:, SA News Editor

Cree (CREE) -1.9% following a downgrade to Underperform from Jefferies, the latest move in an analyst tug-of-war that has broken out over the company ahead of Tuesday's FQ2 report. While calling Cree "well positioned to benefit from one of the strongest secular growth stories in Clean Tech" (presumably LED lighting), the firm considers FY13 revenue growth expectations to be "overly optimistic," sees limited catalysts, and is worried about weak near-term market conditions.