Needham & Company Downgrades Micron Technology (MU) to Underperform

UBS Remains Bullish on Micron Technology (MU) Following Mixed 2Q

UBS maintained a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $14.00 (from $15.00), following the company's mixed 2Q earnings report.

Analyst Stephen Chin commented, "F2Q results were once again mixed as Micron continues to face pricing uncertainties that are partly offset by steady execution on process... More

Baird Cuts Price Target on Micron Technology (MU) Following 2Q; Expects EPS Losses Through Feb

Baird maintained a Neutral rating on Micron Technology (NASDAQ: MU), and cut the price target to $12.00 (from $13.00), following the company's 2Q earnings report. Micron reported F2Q16 non-GAAP EPS of ($0.05), above the Street's ($0.09) estimate and guidance midpoint. Revenue of $2,934 million, down 12.4% sequentially,... More

Mizuho Securities reiterates Buy on Micron Technology (MU) Following 2Q EPS Beat

Mizuho Securities reiterated a Buy rating and $13.50 price target on Micron Technology (NASDAQ: MU) following the company's 2Q earnings report. MU reported revenue of $2.93B, a slight miss compared to consensus of $3B. EPS was reported at ($0.05), beating consensus estimates of ($0.09). Guidance for the... More

Micron Technology (MU) Trades Positive into Q2 Print Amid Analyst Caution

Micron Technology (Nasdaq: MU) shares are trading positive Wednesday afternoon ahead of the company's Q216 report, which is expected out after markets close. However, some might be wondering why.

Ahead of today's report, several analysts were negative on the name:

Micron's (MU) Trough Quarter - Stern Agee CRT

Sterne Agee CRT analyst, Douglas Freedman, cut estimates on Micron Technology (NASDAQ: MU) ahead of its earnings call this Wednesday due to the recent DRAM headwinds. He expects the DRAM business to stabilize after the May quarter and in combination with the on-track 3D NAND production and synergy from... More