Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of memory-based storage expert SMART Modular Technologies
So what: The pop came from an analyst upgrade as Wedbush Morgan moved SMART up from a hold to a buy. Encouraged by a more diverse business model and an end to collapsing DRAM prices, Wedbush set its one-year price target as high as $8 per share.
Now what: This upgrade follows a slew of similarly motivated upgrades of industry peer Micron Technologies
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