Merriman Started Microvision (MVIS) at Buy, $5 Price Target

Shares of Microvision (NASDAQ: MVIS) spiked sharply in afternoon trade Thursday, potentially on the heels of a new Buy rating from an analyst at Merriman. The analyst set a $5 price target on Microvision shares.

The stock is up more than 30 percent to around $3 at last check. Even with this afternoon's sharp move higher, Merriman's new price target still represents potential upside of about 66 percent.

For an analyst ratings summary and ratings history on Microvision click here. For more ratings news on Microvision click here.

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