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Analyst Moves: CREE, ALL
Thursday, November 29, 4:05 PM ET

Cree (NASDAQ:CREE) was downgraded by Deutsche Bank (NYSE:DB) to hold from buy with a price target of $33, as the firm believes that the stock price has little room to go higher, given that shares are already higher by 50% this year.

Shares are lower by about 4.5 percent.

Allstate (NYSE:ALL) had its estimates lowered by UBS (NYSE:UBS) due to higher than expected losses from Hurricane Sandy. A $40 price target was issued with a neutral rating.

Shares are higher by about three tenths of a percent.

For MarketNewsVideo.com, I'm Sayoko Murase.

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