Cowen Trims PT on Micron (MU) to $28 Following Analyst Day; CapEx Spot-on, but EPS Downside Likely
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Summit Research Cuts Price Target on Micron Technology (MU) to $25 Following Analyst Day
August 17, 2015 10:54 AM EDTSummit 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
August 17, 2015 9:03 AM EDTUBS 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
Wedbush Downgrades Micron Technology (MU) to Neutral
August 17, 2015 7:02 AM EDTWedbush downgraded Micron Technology (NASDAQ: MU) from Outperform to Neutral with a price target of $19.00 (from $26.00), saying they don't see prospects improving until 2016.
Analyst Betsy Van Hees commented, "We downgrade Micron (MU) to a NEUTRAL and reduce our PT to $19 as we now... More
Micron Technology (MU) CFO Sees Spending $5.8B on CapEx in FY16
August 14, 2015 12:19 PM EDTMicron (Nasdaq: MU) CFO Ernie Maddock, speaking at the company's Analyst Day today, said the company plans to spend as much as $5.8 billion on CapEx in FY16. The current expected CapEx range is $5.3 - $5.8 billion.
... More