Micron outlook disappoints, Levi Strauss sales miss - what's moving markets
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- US futures fall on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Wells Fargo Reiterates Overweight Rating on Micron Technology (MU)
June 28, 2024 5:21 AM EDTWells Fargo analyst Aaron Rakers reiterated an Overweight rating and $190.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "Gov't Incentives: During F3Q24 MU received $33M in gov't incentives to offset capex vs. $149M in F2Q24; $184M a yr ago. MU now... More
Cantor Fitzgerald Reiterates Overweight Rating on Micron Technology (MU)
June 27, 2024 7:58 AM EDTCantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $180.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "While May Q EPS results came in better than consensus ($0.62 vs. cons $0.48), the August Q EPS guide ($1.08), while better than consensus ($1.02), was below buyside expectations ($1.20+) sending shares lower post-close. Obviously this is disappointing but clearly fits with traditional conservatism from Microns management team. All eyes were on rumored poor yields for Microns HBM3E which management dismissed highlighting greater than $100M in revenues in the May Q at GMs that exceeded overall... More
CFRA Reiterates Buy Rating on Micron Technology (MU)
June 27, 2024 7:50 AM EDTCFRA analyst Angelo Zino reiterated a Buy rating and $170.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "We keep our 12-month target at $170, on a P/E of 13.5x our CY 25 EPS view, near historical. We raise our FY 24 (Aug.) EPS to $1.17 from $1.04 while... More
Barclays Reiterates Overweight Rating on Micron Technology (MU)
June 27, 2024 6:22 AM EDTBarclays analyst Tom O\'Malley reiterated an Overweight rating and $145.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "Results came in largely as expected and to be honest what could the company possibly have done to impress with where... More
Micron Technology (MU) PT Lowered to $153 at UBS, 'Cut Through The Noise And Keep Following Gross Margins Higher', 'remains one of our top AI play'
June 27, 2024 6:17 AM EDTUBS analyst Timothy Arcuri lowered the price target on Micron Technology (NASDAQ: mu) to $153.00 (from $155.00) while maintaining a Buy rating.
The analyst comments "Guidance was a bit tepid and we did not love the FQ1 (Nov) gross margin commentary, but we still think it's ultimately just noise and gross margin keeps moving higher through most, if not all, of C2025... More
BofA Securities Reiterates Buy Rating on Micron Technology (MU), 'we now anticipate sales to grow +78%/+41% YoY'
June 27, 2024 6:06 AM EDTBofA Securities analyst Vivek Arya reiterated a Buy rating and $170.00 price target on Micron Technology (NASDAQ: MU).
The analyst comments "FQ2 modestly above, FQ3 came in-line. As anticipated, Micron (MU) has now begun fully ramping HBM3e (NVDA H200s), expected to reach several hundred million sales in FY24 and multi-billion... More
