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
|Feb 2016||Goldman Sachs||Upgrades||Sell||Neutral|
|Jan 2016||Deutsche Bank||Maintains||Buy|
|Dec 2015||Pacific Crest||Maintains||Outperform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.