Micron Technology (MU): Cost Synergies Could Drive Upside - Susquehanna
Get Alerts MU Hot Sheet
Price: $111.58 --0%
Rating Summary:
45 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
Rating Summary:
45 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
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Susquehanna analyst, Mehdi Hosseini, reiterated his Positive rating on shares of Micron Technology (NASDAQ: MU) and raised his price target to $24 based on encouraging DRAM and NAND checks.
He argues that MU can deliver annual peak EPS of $2.50. Upside is possible if the company can execute on the cost front, including synergies associated with the Inotera integration.
The new $24 PT is up from $23.
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 $20.29 yesterday.
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