Susquehanna Downgrades Micron Technology (MU) to Neutral

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Go back to Susquehanna Downgrades Micron Technology (MU) to Neutral

UBS Cuts Price Target on Micron Technology (MU) to $15 Ahead of 2Q Report

March 21, 2016 8:30 AM EDT

UBS maintained a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $15.00 (from $16.50), ahead of the company's 2Q earnings report. Industry supply checks suggest DRAM industry bit supply growth could moderate further in C16 and is trending to 22% YoY in response to weaker demand from PC OEMs and some slowing in mobile. UBS is scheduled to report... More