Micron Technology (MU): Cost Synergies Could Drive Upside - Susquehanna
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Get Alerts MU Hot Sheet
Rating Summary:
52 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 62
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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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