Buy Micron (MU) on Better-than-Feared Intel (INTC) Results, Needham & Company Says

Micron Technology (MU) Risk-Reward Looks Favorable

Down 45% year-to-date, Micron Technology (NASDAQ: MU) has gone from being one of the most loved stocks on Wall Street to one of the most hated in a relatively short period of time. The beaten up stock received a jolt last week after it was reported that the company received a $23 billion, or $21/share, bid from China's Tsinghua Unigroup. However, even those gains are drifting away. Skeptics suggest that even if the reports are accurate the chances of such a deal clearing U.S. regulatory muster are low. Not to mention the price being... More

Wedbush Raises Price Target on Intel (INTC) to $35 Following 2Q15 Beat

Wedbush reiterates an Outperform rating on Intel (NASDAQ: INTC), and raises the price target to $35.00 (from $34.00), following 2Q15 results. Q2 GAAP EPS of $0.55 on revenue of $13.2B was above the Street ($0.50/$13.0B) estimates. Q3's revenue outlook of $14.3B +/- $500MM is above the... More

Northland Capital Markets Raises Price Target on Intel (INTC) to $32 Following 2Q15 Results

Northland Capital Markets reiterates a Market Perform rating on Intel (NASDAQ: INTC), and raises price target to $32.00 (from $31.00), following 2Q15 results. Intel reported $0.55 on $13.2B, above Northland's estimates of $0.46 on $12.8B.

Analyst Gus Richard commented, "INTCs report was much better than the... More

Intel (INTC) PT Bumped to $33 at Nomura Securities

Nomura Securities analyst Romit Shah raised his price target on Neutral-rated Intel (NASDAQ: INTC) to $33.00 (from $31.00) following results, which he called "solid."

Shah commented, "It is remarkable that, despite the destruction in PCs, Intel is guiding to record revenues in the... More

Jefferies Raises Price target on Intel (INTC) to $36 Following 2Q EPS Beat

Jefferies reiterates a Buy rating on Intel (NASDAQ: INTC), and raises the price target to $36.00 (from $35.00), following 2Q15 results. Reported EPS of $0.55 was $0.05 above consensus.

Analyst Mark Lipacis commented, "2Q EPS beat by $0.01 EPS (ex 1x), and the 3Q outlook implies a... More

Piper Jaffray Cuts Price Target on Intel (INTC) Following 2Q15 Results

Piper Jaffray reiterates an Overweight rating on Intel (NASDAQ: INTC), and cuts the price target to $37.00 (from $38.00), following 2Q15 results. INTC reported Q2 revenue of $13.2B and EPS of $0.55, ahead of $13.04B and $0.50 consensus. The Q3 outlook calls for revenue of $14.3B, above consensus expectations of $14.1B, and... More

Needham & Company Upgrades Intel (INTC) to Buy, $37 PT

Needham & Company upgraded Intel (NASDAQ: INTC) from Hold to Buy with a price target of $37.00.

Analyst N. Quinn Bolton commented, "Intel reported 2Q15 results and 3Q15 guidance above consensus and much better than feared. While PC demand remains weak and is... More

FBR Capital Maintains Bullish Views on Intel (INTC) Following 2Q Earnings Results

FBR Capital maintains an Outperform rating and $38.00 price target on Intel (NASDAQ: INTC) following 2Q15 results. INTC's reported revenue was $13.2B, above the Street's expectations which was lowered to ~$13.0B following AMD preannouncement.

Analyst Christopher Rolland commented, "On Wednesday evening, July 15, Intel announced better-than-expected 2Q15 results and 3Q15 guidance, primarily as PC channel inventories were drawn down more... More