Macquarie Downgrades Micron Technology (MU) to Neutral
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Go back to Macquarie Downgrades Micron Technology (MU) to Neutral
March 31, 2016 8:09 AM EDT
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
March 31, 2016 7:43 AM EDT
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
March 31, 2016 7:35 AM EDT
Bernstein downgraded Micron Technology (NASDAQ: MU) from Outperform to Market Perform with a price target of $10.00 (from $14.00).
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 $10.48 yesterday.
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March 30, 2016 4:04 PM EDT
(Updated - March 30, 2016 4:05 PM EDT)
Micron Technology (NASDAQ: MU) reported Q2 EPS of ($0.05), $0.04 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $3.05 billion.
"Although we continue to navigate challenging market conditions, we are on track with deploying our advanced DRAM and NAND technologies and improving... More
