Micron Technology (MU) October weekly volatility increases into Q4 and outlook

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Go back to Micron Technology (MU) October weekly volatility increases into Q4 and outlook

Brean Capital Raises Price Target on Micron Technology (MU) Following 4Q Beat

October 5, 2016 10:06 AM EDT

Brean Capital reiterated a Buy rating on Micron Technology (NASDAQ: MU), and raised the price target to $23.00 (from $18.00), following the company's 4Q earnings report. MU reported revenue and non-GAAP EPS of $3.217B and $(0.05), compared to the Street's estimates at $3.150B/ $(0.12).

Analyst Mike Burton commented, "Similar to the May-16 quarter, expectations were above average... More