Goldman Sachs Lowers Numbers on Micron (MU), "Avoid the Stock"
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Price: $971.66 +2.30%
Rating Summary:
52 Buy, 11 Hold, 0 Sell
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
52 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs lowered estimates and its price target on Micron Technology (NASDAQ: MU) from $6.50 to $6 following Q4 results.
The firm sees ongoing weakness in the DRAM market, which they said will continue to translate into loses the next couple quarters. The firm is telling clients to avoid the stock. They prefer SanDisk (Nasdaq: SNDK).
Goldman cut CY2012 EPS to $0.45 from $0.50. CY2013 is unchanged at $0.75.
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 $5.54 yesterday.
The firm sees ongoing weakness in the DRAM market, which they said will continue to translate into loses the next couple quarters. The firm is telling clients to avoid the stock. They prefer SanDisk (Nasdaq: SNDK).
Goldman cut CY2012 EPS to $0.45 from $0.50. CY2013 is unchanged at $0.75.
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 $5.54 yesterday.
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