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

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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
Nov 2016NomuraMaintainsBuy
Nov 2016Deutsche BankMaintainsBuy
Oct 2016BairdMaintainsOutperform

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Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

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