Micron Technology (MU): Good Quarter Despite High Expectations - Susquehanna
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Go back to Micron Technology (MU): Good Quarter Despite High Expectations - Susquehanna
October 5, 2016 10:06 AM EDT
Brean Capital reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $23.00 (from $18.00), following the company's 4Q earnings report. MU reported revenue and non-GAAP EPS of $3.217B and $(0.05), compared to the Street's estimates at $3.150B/ $(0.12).
Analyst Mike Burton commented, "Similar to the May-16 quarter, expectations were above average... More
October 5, 2016 6:45 AM EDT
Baird analyst Tristan Gerra reiterated an Outperform rating and lifted his price target on Micron Technology (NASDAQ: MU) to $22.00 (from $18.00) on a strong NAND outlook for 2017 and continued DRAM tightening.
Gerra commented, "Bit growth acceleration in enterprise SSDs along with supply disruptions associated... More
October 5, 2016 6:42 AM EDT
Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and raised estimates and the price target on Micron Technology (NASDAQ: MU) to $22.00 (from $20.00) following Q4 results above consensus and Q EPS guidance of $0.13-0.21, well above the $0.09 consensus.
Rakesh commented, "NovQ GM was... More
