Market Overview

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

Share:
Related MU
GoPro, Micron Lead Costa's List Of Trade Setups For The Week
Benzinga's Top Upgrades
Notable tech decliners: MU, WDC, SUNE, SPWR, ADBE, CRM, PANW, FEYE (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
Feb 2016Goldman SachsUpgradesSellNeutral
Jan 2016Deutsche BankMaintainsBuy
Dec 2015Pacific CrestMaintainsOutperform

View More Analyst Ratings for MU
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

Related Articles (MU)

Get Benzinga's Newsletters