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Micron (MU) PT Lowered to $22 at Argus; Stock a Deep-Value Idea
December 24, 2015 9:04 AM ESTArgus 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
Sterne Agee CRT Cut PT on Micron Technology (MU) to $19 Following 2Q Outlook
December 23, 2015 8:40 AM ESTSterne 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 ESTBaird 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
December 23, 2015 7:52 AM ESTDeutsche 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
Cowen Cuts PT to $22 on Micron Technology (MU) Following 1Q16
December 23, 2015 7:19 AM ESTCowen 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
December 23, 2015 6:52 AM ESTWells 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
December 23, 2015 6:35 AM ESTRaymond 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.
... MoreAfter-Hours Stock Movers 12/22: (CELG) (CHD) (NKE) Higher; (GBSN) (GALE) (MU) Lower (more...)
December 22, 2015 6:09 PM ESTGreat Basin Scientific (NASDAQ: GBSN) 14.2% LOWER; update on its warrant issuance. MORE
Celgene Corporation... More
Market Wrap: Existing Sales Have Dour Nov.; Nike Gains on Futures Orders; Abercrombie & Fitch Names Key Exec
December 22, 2015 5:19 PM ESTMarket wrap for December 22nd
End of the Day: S&P 500 up 17.8 to 2,038.97; Dow Jones up 165.7 to 17,417.27; Nasdaq up 32.2 to 5,001.11
Market Brief: Markets showed unenthusiastic movement Tuesday amid the shortened holiday week. However, expected light volume could make for some exciting trading action in some stocks.
The third GDP number for Q3 came in just better than expected at 2.0 percent growth.
Nike reported strong Q2 results as future orders outpaced.
Existing home sales slumped in November.
The Nevada... More
Micron Technology (MU) Tops Q1 EPS by 1c, Q2 Guidance Falls Short
December 22, 2015 4:03 PM ESTMicron Technology (NASDAQ: MU) reported Q1 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $3.35 billion versus the consensus estimate of $3.46 billion.
GUIDANCE:
Micron Technology sees Q2 2016 EPS of ($0.05)-)($0.12) vs the consensus of $0.22.... More
Micron Technology (MU) Ticks Lower Ahead of Q1 Report
December 22, 2015 3:31 PM ESTMicron Technology (Nasdaq: MU) shares are down around 1 percent ahead of the company's Q1 report, which is expected out after markets close.
The Street consensus calls for Micron to post EPS of $0.23 with revenue of $3.46 billion, from EPS of $0.97 and revenue of... More
Wall Street rally sends Dow up 1 percent
December 22, 2015 7:14 AM ESTBy Noel Randewich
(Reuters) - Wall Street rallied across the board on Tuesday after oil prices recovered slightly and data showed that the U.S. economy grew at a fairly healthy clip in the third quarter.
The Dow Jones industrial average ended 0.96 percent higher, with Caterpillar (NYSE: CAT) up 4.86 percent in its biggest one-day gain since October.
Oil prices edged up from 11-year lows although persistent global oversupply concerns and tepid demand for heating oil remained in what is likely to be the warmest winter on record. [O/R]
... MoreTrading Radar for 12/22: Nike (NKE), Micron (MU), ConAgra (CAG), Paychex (PAYX) Report
December 21, 2015 2:43 PM ESTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EST
9:00am EST
FHFA Housing... MoreTough DRAM Qtr. Largely Anticipated for Micron (MU) in Q1; Guidance is Key - Cowen
December 21, 2015 2:27 PM ESTCowen and Company is commenting on Micron (Nasdaq: MU) ahead of the company's Q1 report, which is expected out after markets close on December 22nd.
Analyst Timothy Arcuri sees the market as being "overly bearish" on Micron given expectations of another tough DRAM quarter. The analyst sees Micron reporting results at the... More
