Market Overview

UPDATE: Wedbush Reiterates Micron Technology at Outperform Post FQ4 Results

Share:
Related MU
Credit Suisse: DRAM Supply Fears 'Overstated'
Cramer Advises Viewers On Boot Barn, Micron Technology And Ecopetrol
Fed Should Not Raise Rates - Cramer's Mad Money (5/27/15) (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
May 2015Mizuho SecuritiesInitiates Coverage onBuy
May 2015JMP SecuritiesMaintainsMarket Outperform
May 2015Drexel HamiltonDowngradesBuyHold

View More Analyst Ratings for MU
View the Latest Analyst Ratings

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

 

Related Articles (MU)

Around the Web, We're Loving...