UPDATE: Sterne Agee Lowers PT on Micron Technology to $10
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
|Oct 2014||Pacific Crest||Upgrades||Sector Perform||Outperform|
|Oct 2014||Ladenburg Thalmann||Initiates Coverage on||Neutral|
|Sep 2014||Stifel Nicolaus||Maintains||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.