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Technology Sector Update for 12/17/2015: MU, GILT

Top Technology Stocks:

MSFT: +0.4%

AAPL: +0.9%

IBM: flat

CSCO: +0.2%

GOOG: +0.4%

Technology shares were mainly higher in pre-market trade on Thursday.

In technology stocks news, Micron Technology ( MU ), a provider of semiconductor devices, has been upgraded by Morgan Stanley to an overweight rating from equalweight. The firm also raised its price target on the stock to $18 from $16 a share.

Shares in the company were 3.6% higher at $14.58 pre-bell. This is within the lower band of the stock's 52 week trading range between $13.50 and $35.74.

And Gilat Satellite Networks ( GILT ), a satellite technology company, said it has been awarded a $108 million telecommunications project by Peru's Fitel.

Shares in the company were unchanged at $3.45 pre-bell. This is within the lower band of the stock's 52 week trading range between $3.11 and $7.07.

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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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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