Micron Technology (MU) Tops Q1 EPS by 1c, Q2 Guidance Falls Short

Micron (MU) PT Lowered to $22 at Argus; Stock a Deep-Value Idea

Argus cut its price target on Micron Technology (NASDAQ: MU) to $22.00 (from $26.00) but kept a Buy rating.

The analyst notes while DRAM price weakness hinders guidance, the stock is a deep-value idea in Argus technology coverage. They recommend the stock for risk-tolerant... More

Micron (MU) Price Target Declines but Rating Unchanged - Susquehana

Susquehana analyst, Mehdi Hosseini, is remaining positive on Micron (NASDAQ: MU) after the most recent miss. Despite a challenging 2015 and uncertainties associated with ASP trends, DRAM cost is down and industry-wide strict bit capacity adds are expected to help with margin stabilization.

Feb Q guidance was materially below consensus driven in large part by weakness in DRAM margins. Specifically, DRAM ASPs... More

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

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

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

Micron (MU) Seen as 2016 'Recovery Play', Says Deutsche Bank

Deutsche Bank maintained a Buy rating on Micron Technology (NASDAQ: MU) but trimmed its price target to $17.00 (from $20.00). Despite weaker than expected Q2 guidance, analyst Sidney Ho thinks catalysts are in place for a recovery in the second half of 2016.

"Although most... More

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

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

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

Micron (MU) Shares Look Interesting Despite the Miss - Wells Fargo

Wells Fargo analyst, David Wong, maintained his valuation range of $16 - $19 on Micron Technology (NASDAQ: MU) despite the company falling short of consensus and the analyst reducing EPS estimates. The analyst believes that near-term fluctuations in earnings do not change the view that Micron's earnings power in the future could well be $2 or more per share. No change to Outperform rating.... More

Raymond James Downgrades Micron Technology (MU) to Outperform

Raymond James downgraded Micron Technology (NASDAQ: MU) from Strong Buy to Outperform with a price target of $17.00 (from $26.00).

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 $14.61 yesterday.