Barclays Cuts Numbers on Micron Technology (MU); Still Optimistic on Long-Term Recovery
Tweet Send to a FriendGet Alerts MU Hot Sheet
Price: $10.92 -2.76%
Rating Summary:
16 Buy, 10 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
16 Buy, 10 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade MU Now!
Barclays maintains an 'Overweight' on Micron Technology (NASDAQ: MU) price target of $11.00.
Analyst, C.J. Muse, said, "While a trough will likely come in the August Q (as opposed to our/consensus outlook coming in for the May Q), we view management's optimistic 2HCY12 outlook for memory, comments that it will only do a good, accretive Elpida deal, and the market's conservative approach to bit supply as confirmations that our positive thesis holds."
Muse lowers Aug Qtr loss from -0.02 to -0.27 and FY12 to -0.84
For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.
Shares of Micron Technology closed at $6.12 yesterday, with a 52 week range of $3.97-$9.16.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, C.J. Muse, said, "While a trough will likely come in the August Q (as opposed to our/consensus outlook coming in for the May Q), we view management's optimistic 2HCY12 outlook for memory, comments that it will only do a good, accretive Elpida deal, and the market's conservative approach to bit supply as confirmations that our positive thesis holds."
Muse lowers Aug Qtr loss from -0.02 to -0.27 and FY12 to -0.84
For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.
Shares of Micron Technology closed at $6.12 yesterday, with a 52 week range of $3.97-$9.16.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Benchmark Boosts PT on R.R. Donnelley (RRD)
- UBS Raises PT on MEMC (WFR); Thinks Semi Sales Troughed in Q1
- Signs of Solid Q2 at American Eagle (AEO) - Analyst
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
