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 (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.
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