Micron Technology (MU) Falls on Second Downgrade This Week
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Cleveland Research Downgrades Micron Technology (MU) to Neutral
June 18, 2021 9:35 AM EDTCleveland Research analyst Chandler Converse downgraded Micron Technology (NASDAQ: MU) from Buy to Neutral.
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 $80.64 yesterday.
... MoreMicron Technology (MU) Downgraded to Sell at Lynx Equity Strategies, PT $100
June 17, 2021 8:47 AM EDTLynx Equity Strategies analysts KC Rajkumar and Jahanara Nissar lowered their vidw on Micron Technology (NASDAQ: MU) to Sell and cut their price target to $100.
We started worrying about the longevity of the memory cycle a month ago. In a note in mid-May (link below) we said Apple was likely trimming contracts for mobile memory, which seemed odd given the enthusiastic commentary by MU management at the earnings call late March.Due to the gathering pace of negatives since then, primarily in... More