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Sterne Agee CRT Cut PT on Micron Technology (MU) to $19 Following 2Q Outlook

December 23, 2015 8:40 AM EST

Sterne Agee CRT maintained a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $19.00 (from $20.00), following the company's 2Q outlook. MU posted a disappointing outlook with guidance for revenue, GM and EPS well below the street's expectations. MU cited... More

Baird Cuts PT on Micron Technology (MU) to $13 Following Mixed 1Q

December 23, 2015 8:11 AM EST

Baird maintained a Neutral rating on Micron Technology (NASDAQ: MU), and cut the price target to $13.00 (from $15.00), following the company's 1Q16 earnings report. Micron reported EPS of $0.24, above $0.22 consensus. Revenue of $3,350 million, down 6.9% sequentially, was below the low end of guidance of $3,450-$3,700 million.

Analyst... More

Needham & Company Remains Sidelined following Micron Technology (MU) Guidance Miss

December 23, 2015 7:31 AM EST

Needham & Company maintained a Hold rating on Micron Technology (NASDAQ: MU) following the company's 5th consecutive guidance miss. February quarter guidance was below already muted expectations, as PC weakness does not seem to show signs of abating. Revenue guidance of $3.05B at the midpt was 12% below... More

Cowen Cuts PT to $22 on Micron Technology (MU) Following 1Q16

December 23, 2015 7:19 AM EST

Cowen maintained an Outperform rating on Micron Technology (NASDAQ: MU), and cut the price target to $22.00 (from $24.00), following the company's 1Q16 earnings report. EPS (non-GAAP) was $0.24, better than feared and compared more favorably vs. the Street ($0.23), most significantly on better than-expected... More