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Micron Technology, Inc. (MU) Posts Q4 EPS of $1.51

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Micron (MU) Moore Stress Structural Changes are Permanent, Buy on Weakness - Jefferies

October 14, 2013 7:14 AM EDT

Jefferies analyst Sundeep Bajikar reiterated a Buy rating and $30 price target on Micron Technology (NASDAQ: MU) Monday saying Moore Stress structural changes are permanent.

"Based on our analysis of HDD consolidation using the Herfindahl-Hirschman Index (HHI), we believe structural changes that... More

Micron (MU) Price Target Lifted to $30 at Jefferies

October 11, 2013 9:18 AM EDT

Jefferies analyst Sundeep Bajikar boosted his price tareget on Micron Technology (NASDAQ: MU) from $25 to $30 on Friday following strong Q4 results after the close.

"One month of Elpida contributed ~20% of Micron's consolidated operating income in C3Q13, and we expect Elpida's... More

Wells Fargo Downgrades Micron Technology (MU) to Underperform

October 11, 2013 7:03 AM EDT

Wells Fargo downgraded Micron Technology (NASDAQ: MU) from Market Perform to Underperform but raises its valuation range to $14.00 to $17.00 from $11.00 to $14.00 and FY2014 EPS estimate to $1.24 from a prior $1.00. The downgrade comes on valuation and follows Micron's first report following the Elpida acquisition.... More

Micron (MU) Post Strong Q4 Results on Fire Impact; 2 More Qtrs to Go - RBC Capital

October 11, 2013 6:48 AM EDT

RBC Capital analyst Doug Freedman reiterated an Outperform rating and $19 price target on Micron Technology (NASDAQ: MU) following strong Q4 results after the close.

Highlighting positives in the quarter, Freedman notes:
i) OpEx in NovQ lower than expected as result of work force reduction; ii) cash tax rate to be lower than expected at low-single-digits; iii) DRAM... More