Nomura Securities Reiterates a 'Neutral' on Micron Technology (MU); Qtr Review; More Negative Than Positive.
Tweet
Share
E-mailGet Alerts MU Hot Sheet
Price: $971.66 +2.30%
Rating Summary:
52 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
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
Join SI Premium – FREE
Nomura Securities reiterates a 'Neutral' on Micron Technology (NASDAQ: MU) price target of $8.00.
Analyst, Sidney Ho, said, "The May quarter looks to be much tougher than the Street expects. NAND margins are expected to decline 8-10 percentage points. The implied EPS of ($0.25) is worse than our previous estimate of ($0.08). However, we believe many investors will focus on the potential benefits from DRAM consolidation, which will likely play out in the next few months. With the stock already up nearly 40% year-to-date, we would stay on the sideline."
"We are lowering our estimate for FY12 from ($0.45) to ($0.74) and for FY13 estimate from $0.34 to $0.32."
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 $8.71 yesterday.
Analyst, Sidney Ho, said, "The May quarter looks to be much tougher than the Street expects. NAND margins are expected to decline 8-10 percentage points. The implied EPS of ($0.25) is worse than our previous estimate of ($0.08). However, we believe many investors will focus on the potential benefits from DRAM consolidation, which will likely play out in the next few months. With the stock already up nearly 40% year-to-date, we would stay on the sideline."
"We are lowering our estimate for FY12 from ($0.45) to ($0.74) and for FY13 estimate from $0.34 to $0.32."
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 $8.71 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- New Street Research Upgrades Micron Technology (MU) to Buy
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
NomuraSign 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!
