Micron (MU) Downgrade May be Impacting Semiconductor (SMH) Sector

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Go back to Micron (MU) Downgrade May be Impacting Semiconductor (SMH) Sector

Micron (MU) Stock Falls 5% on Piper Sandler Downgrade to Underweight

June 3, 2022 9:24 AM EDT

Shares of Micron Technology (NASDAQ: MU) are down nearly 5% today after Piper Sandler analyst Harsh Kumar lowered the rating to Underweight from Neutral with a $70.00 per share price target (from $90.00).

The analyst cited Microns oversized exposure to mobile, PCs, and other consumer end-markets and the associated trends in... More

Micron Technology (MU) Falls Nearly 5% on Piper Sandler Downgrade

June 3, 2022 9:22 AM EDT

Micron Technology (NASDAQ: MU) falls 4.7% after Piper Sandler downgraded the stock to Underweight.

... More

UPDATE: Micron Technology (MU) PT Lowered to $70 at Piper Sandler, Downgraded to Underweight

June 3, 2022 3:24 AM EDT

(Updated - June 3, 2022 3:49 AM EDT)

Piper Sandler analyst Harsh Kumar lowered the price target on Micron Technology (NASDAQ: MU) to $70.00 (from $90.00) while downgrading to Underweight (from Neutral)

The analyst comments "We are downgrading shares of Micron to Underweight from Neutral.... More