Market Overview

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

Share:
Related MU
After-Hours Recap: April In Review, Friday Index Movers & After-Hours Runners
Jim Cramer Advises Viewers On Alliance Data Systems And Micron Technology
Have Capital Ready When Gold And Silver Bottom In July (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 2016BernsteinMaintainsMarket Perform
Apr 2016Pacific CrestAssumesOverweightSector Weight
Apr 2016Brean CapitalInitiates Coverage onBuy

View More Analyst Ratings for MU
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

Related Articles (MU)

View Comments and Join the Discussion!