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Re: madrose1 post# 2

Sunday, 04/21/2013 5:31:22 AM

Sunday, April 21, 2013 5:31:22 AM

Post# of 133
CREE TUES AH (R@55) Cree reiterated as an Underweight at BofA/Merrill
BofA/Merrill said it remains confident in its Underperform thesis for Cree and does not recommend putting new money to work. The firm expects gross margins to be pressured longer-term due to increasing competition from new entrants. Price target is $19.

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