DAKT Overview

Acquisition Details: Daktronics has acquired intellectual property, equipment, and expertise from X Display Company Technology Ltd to enhance its MicroLED and MicroIC display technologies.

Included Assets: The acquisition encompasses proprietary mass-transfer and MicroLED fabrication technologies, specialized development equipment, and the hiring of 15 former employees from X Display Company.

Financial Terms: Daktronics did not disclose the financial terms of the acquisition.

Market Reaction: Following the announcement, Daktronics' stock price decreased by 0.15% to $18.88 after hours.

Jim Cramer's Recommendations: Jim Cramer endorsed Elanco Animal Health for its turnaround and M&T Bank for being well-managed, while suggesting Rocket Lab as a speculative investment ahead of a significant launch.

Analyst Support: Barclays analyst Glen Santangelo initiated coverage on Elanco with an Overweight rating and a price target of $30, while M&T Bank's price target was raised from $220 to $230 by Keefe, Bruyette & Woods.

Sell Recommendations: Cramer advised selling Lithium Americas Corp, labeling it a "no-go" stock, and expressed lukewarm sentiments about Daktronics, calling it "just ok."

Recent Price Movements: On Wednesday, Elanco, Rocket Lab, Lithium Americas, Daktronics, and Ondas Holdings saw declines in their stock prices, while M&T Bank experienced a slight increase.

Elanco: The company is praised for its successful turnaround, with a strong recommendation to buy its stock.

Rocket Lab: Seen as a promising speculative investment ahead of a significant upcoming offering in the rocket industry.

Lithium Americas: Recommended to sell, as it is considered outdated and not a viable investment option.

M&T Bank: Recognized as a well-managed bank, with a strong buy recommendation for its stock.