Piper Jaffray comes out with a positive spin on Cree (CREE +4.7%) - noting that China's LED...

|By:, SA News Editor

Piper Jaffray comes out with a positive spin on Cree (CREE +4.7%) - noting that China's LED street lamp production could increase 79% this year based on channel checks the firm has made. Analysts at Piper currently have an Overweight rating on CREE.