Micron warns of tougher times, plans to cut investments by 30%

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Micron Technology (MU) PT Lowered to $70 at BMO Capital

September 30, 2022 6:46 AM EDT

BMO Capital analyst Ambrish Srivastava lowered the price target on Micron Technology (NASDAQ: MU) to $70.00 (from $80.00) while maintaining a Outperform rating following earnings.

The analyst commented, "We said heading into earnings that our thesis will be put to a severe test... More