Diamonds and Dogs
Micron Technology (MU) makes new highs on an upgrade. The DRAM maker is up 3% after Citigroup analyst Christopher Danely boosted his rating on Micron by two notches, to Buy from Sell, lifting his price target to $100, from $35 saying the long-awaited upturn in DRAM is about to materialize.
First Solar (FSLR) loses a little luster. The solar stock is down 9% on a downgrade to a Sell at Goldman after the analyst cut his price target from $101 to $81, saying the firm's gross margins and earnings power have peaked in the near-term.
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