Market Overview

UPDATE: Wedbush Reiterates Micron Technology at Outperform Post FQ4 Results

Share:
Related MU
Skyworks' Beat And Raise A Positive Read Thru For Micron, Broadcom, Silicon Motion
IBM Kicks Off The Big Tech Earnings Season
South Korea Has The Most Innovative But Also Very Stagnant Economy (Seeking Alpha)

Wedbush maintained its Outperform rating and $8 price target on Micron Technology (NASDAQ: MU) as the fourth quarter miss was not seen as bad as previously feared.

Wedbush said, "We think with all the near-term bad news now out on the table for DRAM, favorable seasonal trends for NAND, and a better supply/demand environment ahead for DRAM driven by industry supply cuts and consolidation that a potential pull back in the stock today would likely be the last leg down. We view risk/reward on MU as compelling and recommend investors with a long-term horizon take advantage of any weakness to buy shares."

Micron Technology closed at $6.01 on Thursday.

Latest Ratings for MU

DateFirmActionFromTo
Dec 2016Summit Redstone PartnersUpgradesSellBuy
Dec 2016Loop CapitalInitiates Coverage OnBuy
Dec 2016CitigroupInitiates Coverage OnBuy

View More Analyst Ratings for MU
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (MU)

View Comments and Join the Discussion!