Lazard Capital Reiterates Buy and PT of $50 on Cree

Lazard Capital reiterated its Buy rating on Cree (NASDAQ: CREE). At the same time, the rating agency left its price target on the company's stock unchanged at $50. On Tuesday, CREE closed the day at $29.49. Its shares added 11.43% to their value in today's pre-market trading to stand around $32.86.