Micron Technology, Inc., Reports Results for the Fourth Quarter and 2015 Fiscal Year
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Deutsche Bank Sees Catalysts in Micron (MU)
October 2, 2015 10:33 AM EDTDeutsche Bank maintained a Buy rating on Micron Technology (NASDAQ: MU) with a modified price target of $20.00 (from $28.00). Comments follow Q4 results. Analyst Sidney Ho sees catalysts in 2016.
"MU delivered a surprising beat for F4Q but guided F1Q below... More
Wedbush Cuts Price Target on Micron Technology (MU) Following 4Q15 EPS Beat
October 2, 2015 8:27 AM EDTWedbush maintained a Neutral rating on Micron Technology (NASDAQ: MU), and cut the price target to $15.00 (from $17.00), following the company's 4Q15 earnings results. EPS of $0.37 on revenue of $3.6B was above the Street's $0.32 EPS and $3.6B revenue.
Analyst Betsy Hees commented, "Microns (MU) FQ4 (Aug) results beat... More
Needham & Company Cuts Price Target on Micron Technology (MU) Following 4Q15 Earnings Results
October 2, 2015 7:46 AM EDTNeedham & Company maintained a Strong Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $25.00 (from $40.00), following the company's 4Q15 earnings results. Micron revenue of $3.60B was slightly ahead of the Street's $3.56Bn. F1Q15 revenue was guided to $3.45Bn at the midpoint, below the Street's $3.74Bn.
Analyst... More
Sterne Agee CRT Reiterates Buy on Micron Technology (MU) Following 4Q15 Earnings
October 2, 2015 6:55 AM EDTSterne Agee CRT reiterated a Buy rating and $20.00 price target on Micron Technology (NASDAQ: MU) following the company's 4Q15 earnings results. MU reported revenues of $3.60bil compared to Street's $3.55bil estimates. EPS of $0.37 beat the Street's estimates of $0.31.
Analyst Douglas Freedman commented, "MU posted... More
Micron (MU) Q1 Outlook Better than Feared, Credit Suisse Says
October 2, 2015 6:51 AM EDTCredit Suisse analyst J. Pitzer reiterated an Outperform rating and lowered his price target on Micron Technology (NASDAQ: MU) to $25.00 (from $34.00) following Q4 results and Q1 guidance that was below the Street but better than feared.
Pitzer commmentedm "... specifically F1Q EPS of... More
Piper Jaffray Cuts Price Target on Micron Technology (MU) Following 5c EPS Beat
October 2, 2015 6:47 AM EDTPiper Jaffray reiterated an Overweight rating on Micron Technology (NASDAQ: MU), and cut the price target to $22.00 (from $23.00), following the company's 4Q15 earnings results. Revenue of $3.6B beat consensus of $3.56B. NonGAAP EPS of $0.37 beat the consensus estimate of $0.32.
Analyst Ruben Roy commented, "We reiterate our... More
Cowen Trims PT on Micron (MU) to $24; Guidance Not as Bad as Feared
October 2, 2015 6:40 AM EDTCowen and Company trims its price target on Outperform-rated Micron (Nasdaq: MU) from $25 to $24 following Q4 results issued Thursday night.
Analyst Tim Arcuri commented:While MU continues to struggle in NAND, DRAM margins appear no more than 6mos from a meaningful inflection while, bigger picture, the stock... More
Micron (MU) PT Lowered to $30 at Jefferies
October 2, 2015 6:35 AM EDTJefferies analyst Sundeep Bajikar reiterated a Buy rating but cut his price target on Micron Technology (NASDAQ: MU) to $30.00 (from $33.00) following Q4 results.
Bajika commented, "We believe a combination of favorable DRAM/NAND supply dynamics, Micron's technology progress, and emergence of new... More
