Piper Jaffray was out with some rating changes/coverage of LED lighting stocks after the bell today.  Hat tip to Street Insider for the following analyst comments….

Initiated Cree Inc (CREE) at Overweight with $88 price target. They believe Cree is the leading LED play and that the recent pull back offers an attractive entry point.  To that I say it’s up 20% in two weeks.. would have been an attractive entry point at the beginning … Read the rest