Markets

Sector Update: Tech

Technology shares were generally mixed in pre-market trade Thursday.

In technology stocks news, ARC Group Worldwide ( ARCW ) received an investment-rating downgrade Thursday from Canaccord Genuity, which cut its rating on the three-dimensional-printing company's stock to hold from buy while slashing its price target to $15 from $28 per share.

The firm told clients it is "moving to [the] sidelines on uncertainties for core business."

And, computer and electronics company Apple Inc. ( AAPL ) shares were up about 1% in pre-market trade as investor Carl Icahn called for the company to accelerate its buybacks.

AAPL also was upgraded by analysts at Oppenheimer to an outperform rating from perform. The firm set its price target on the stock at $115 a share, which represents a potential upside of 13% from its Wednesday closing price.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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