Micron Technology (MU) CFO Sees Spending $5.8B on CapEx in FY16

Summit Research Cuts Price Target on Micron Technology (MU) to $25 Following Analyst Day

Summit Research maintained a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $25.00 (from $30.00), following an analyst day. Analyst Srini Sundararajan said very little was said at the analyst day, and what was said was in generalities and the answers... More

UBS Cuts Price Target on Micron Technology (MU) to $25 Following Capex Guidance

UBS maintained a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $25.00 (from $27.00), following FY16 capex guidance. MU guided FY16 capex up to $5.5B largely due to R&D / non-supply related spending. Analyst Stephen Chin said that the valuation risk reward is still favorable for this part of the cycle, and technology updates were positive.... More

Wells Fargo Upgrades Micron Technology (MU) to Market Perform

Wells Fargo upgraded Micron Technology (NASDAQ: MU) from Underperform to Market Perform.

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 $16.95 yesterday.

Cowen Trims PT on Micron (MU) to $28 Following Analyst Day; CapEx Spot-on, but EPS Downside Likely

Cowen and Company lowers its price target on Micron (Nasdaq: MU) from $30 down to $28 and affirms its Outperform rating following the company's Analyst Day late last week.

Analyst Timothy Arcuri noted the following key points:

Financial

In guiding F2016 capex to $5.5B (mid-pt) - a number well above Street ~$4.2B models but spot in-line w/our model and preview - the company positioned this as an abnormally high number due to two key factors: 1) ~$700MM for Fab 10x shell (we thought upwards of $1B) and 2) ~$800MM related to... More

Cowen Cuts Price Target on Micron Technology (MU) to $28 on Likely EPS Downside

Cowen maintained an Outperform rating on Micron Technology (NASDAQ: MU), and cut the price target to $28.00 (from $30.00), as EPS downside seems likely. Analyst Timothy Arcuri said that the downside would be do to Aug QTD DRAM pricing.

Arcuri commented, "Big F2016... More