Short-sellers sense an opportunity as China trade tensions brew
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
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FedEx (FDX) PT Lowered to $289 at Stifel, Maintains Bullish View
June 21, 2018 1:20 PM EDTStifel lowered its price target on FedEx (NYSE: FDX) to $289.00 (from $295.00) while maintaining a Buy rating.
Analyst David Ross said while there were a lot of moving pieces this week, the bottom line changed little - "the economy is healthy and earnings... More
Micron (MU) Benefiting from Systematic, Structural Changes in Memory - Needham & Company
June 21, 2018 10:54 AM EDTNeedham & Company reiterated a Strong Buy rating and $100 price target on Micron Technology (NASDAQ: MU).
Analyst Rajvindra Gill commented, "We are reiterating our Strong Buy and $100 PT following another beat/raise quarter. Micron is benefiting from systematic, structural changes occurring in the memory... More
Micron Technology (MU) PT Raised to $80 at FBN Securities
June 21, 2018 10:40 AM EDTFBN Securities raised its price target on Micron Technology (NASDAQ: MU) to $80.00 (from $75.00) while maintaining an Outperform rating.
Analyst Shebly Seyrafi commented, "The company reported a strong FQ3, with revenue of $7.8B growing by 40% Y/Y and coming in 1% above consensus. DRAM revenue growth of 56% Y/Y remains robust and is helped by strong ASP increases (up mid-30s%) countered by a deceleration in bit growth to mid-teens% (vs. a difficult comparison). The improved DRAM ASP helped drive... More
