Market Overview

UPDATE: Sterne Agee Raises PT on Micron Technology, DRAM/NAND Continues to Remain Strong

Related MU
Fast Money Picks For November 18
Benzinga's M&A Chatter for Tuesday November 17, 2015
Aspiring To Be Like Kroger - Cramer's Lightning Round (11/30/15) (Seeking Alpha)

In a report published by Sterne Agee, analyst Vijay Rakesh reiterated a Buy rating on Micron Technology (NYSE: MU) and raised the price target from $10 to $11.

Sterne Agee reported that, “MU reports FebQ on Mar-21 after the close of market. We believe NAND-DRAM pricing trends have been substantial tailwinds versus the guide for the quarter and should drive better earnings upside. Also improving Yen and the DRAM pricing trends mentioned above should drive better earnings leverage through 2013. Not changing our estimates, but we believe an overall better operating environment, tailwinds with Yen, industry consolidation are all driving better earnings, Raising our PT to $11.”

Shares of Micron closed at $9.51 on Wednesday.

Latest Ratings for MU

Oct 2015Bank of AmericaDowngradesNeutralUnderperform
Oct 2015Credit SuisseMaintainsOutperform
Oct 2015Morgan StanleyMaintainsEqual-weight

View More Analyst Ratings for MU
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings


Related Articles (MU)

Get Benzinga's Newsletters