Welcome to Markets Desk, here's what's moving the needle right now.
ASSA ABLOY is trimming its portfolio again, announcing a deal to sell HID's Public Key Infrastructure business unit to Vista Equity Partners. The Swedish access and door-opening giant has been streamlining steadily, and offloading this PKI unit signals a continued focus on core hardware and identity solutions over software-adjacent services.
Shifting to software, UBS has reset its price target on Microsoft ahead of the company's next earnings report. Shares had been down more than twenty percent earlier this year before Azure posted forty-three percent growth and sent the stock surging nine percent in a single session. TD Cowen, Mizuho, and Citi have all followed with raised targets, and Wall Street is now firmly back in Microsoft's corner.
And in the semiconductor space, Micron has been one of the year's standout performers, up roughly three hundred eighty-two percent over the past twelve months. The bull case rests on contracted revenue, with over a third of the company's future sales now locked in, suggesting the AI-driven memory demand cycle still has room to run despite the stock's dramatic climb.
That's the tape. Markets Desk, signing off the floor.
