Market Overview

UPDATE: Sterne Agee Lowers PT on Micron Technology to $10

Share:
Related MU
Credit Suisse: DRAM Supply Fears 'Overstated'
Cramer Advises Viewers On Boot Barn, Micron Technology And Ecopetrol
Micron's Undervaluation And Growth Are Compelling (Seeking Alpha)

Sterne Agee reiterates a Buy rating on Micron Technology (NASDAQ: MU) and lowers its price target from $11 to $10.

Sterne Agee notes, “MU reported weaker EPS on a NAND drag as ASPs and retail were weaker. But the Company sees memory bottoming with pricing trends moderating in 2H. Supply chain has been more disciplined unlike past downturns.”

Micron Technology closed at $6.12 on Wednesday.

Latest Ratings for MU

DateFirmActionFromTo
May 2015Mizuho SecuritiesInitiates Coverage onBuy
May 2015JMP SecuritiesMaintainsMarket Outperform
May 2015Drexel HamiltonDowngradesBuyHold

View More Analyst Ratings for MU
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

Related Articles (MU)

Around the Web, We're Loving...

Get Benzinga's Newsletters