Wells Fargo Upgrades Micron Technology (MU) to Market Perform

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

BofA/Merrill Lynch Downgrades Micron Technology (MU) to Neutral

BofA/Merrill Lynch downgraded Micron Technology (NASDAQ: MU) from Buy to Neutral with a price target of $19 (from 28.40) Analyst Simon Woo thinks Micron's capex target is too aggressive

For an analyst ratings summary and ratings history on Micron Technology... 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

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

Wedbush Downgrades Micron Technology (MU) to Neutral

Wedbush 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

Micron (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.