Micron Technology, Inc. (NASDAQ:MU) (MarketWatch)
Micron Technology Inc. MU, +10.22% shares surged Monday after one analyst nearly doubled his price target on the stock. Micron shares rallied nearly 12% to $60.87 at last check. Instinet analyst Romit Shah, who raised his rating on Micron to buy from reduce back in June 2016, raised his price target to $100 from $55. “We see DRAM pricing resuming an upward trend in Q2, a first-time dividend and share buyback announcement in May, continued margin expansion in NAND and increased M&A discussion as important catalysts,” Shah said.
Cogentix Medical Inc. (NASDAQ:CGNT) (The Motley Fool)
What happened: Shares of Cogentix Medical Inc. (NASDAQ:CGNT), a small-cap medical-device company, jumped this morning following a merger-agreement announcement. News of the impending acquisition by a subsidiary of Sweden’s Investor AB has pushed the stock 14.2% higher as of 10:53 a.m. EDT on Monday. So what: Investor AB’s Laborie Medical Technologies subsidiary develops and markets pelvic-health-related devices, which makes Cogentix’s flexible endoscopy products a perfect fit.
BlueLinx Holdings Inc. (NYSE:BXC) (Benzinga)
BlueLinx Holdings Inc. shares surged 49.4 percent to $23.51 after the company reported a $413 million merger with Cedar Creek.
PRADA S P A/ADR (OTCMKTS:PRDSY) (The Wall Street Journal)
Fashionistas can seem hysterical when it comes to the latest trends. But fashion company shareholders don’t appear immune. When Italian luxury goods maker Prada revealed poor first half results last September, its Hong Kong-listed shares slumped 12%. On Monday, after it said sales for the first two months of 2018 were up 7.5%, its stock jumped 15%. Some moderation is in order.