Shares of CREE (CREE) move 2% higher premarket, boosted by an upgrade from Morgan Stanley to...

|By:, SA News Editor

Shares of CREE (CREE) move 2% higher premarket, boosted by an upgrade from Morgan Stanley to Overweight from Underweight. The firm raises its price target for the LED manufacturer to $40 from $28, citing stabilizing margins and a growth in its branded lighting systems.