Micron Technology

Stifel Nicolaus is out with its report today on Micron Technology (NASDAQ: MU), lowering its PT from $17 to $11. In a note to clients, Stifel Nicolaus writes, "We are reducing our MU 12-month price target to $11 from $17 based on the same 11x our revised FY12 EPS of $1.00. We believe 11x forward...

Deutsche Bank made a number of updates in a research report published today. NASDAQ OMX (NASDAQ: NDAQ) had its rating reiterated at Hold. At the same time, however, its price target was lowered from $30 to $27. On Thursday, NASDAQ lost 2.59% of its value to close the day at $23.35. CBOE Holdings...

Citi is out with its report today on Micron Technology (NYSE: MU), lowering its PT from $13 to $10.50. In a note to clients, Citi writes, "Micron reported a modest improvement in FCF after three consecutive quarters of decline and now trades at 1.0x book value (0.89x using after-market). We expect...

Credit Suisse made a number of updates in a research report published today, Southern Company (NYSE: SO) had its rating upgraded from Neutral to Outperform. At the same time, its price target was raised from $40 to $45. On Thursday, Southern lost 0.56% of its value to close the day at $39.34. Its...

Wedbush Securities has lowered the price target on Micron Technology (NASDAQ: MU) from $15 to $12.50 and maintains its Outperform rating.

Morgan Stanley has lowered the price target on Micron Technology (NASDAQ: MU) from $13 to $12 and maintains its Overweight rating.

Citigroup has lowered the price target on Micron Technology (NASDAQ: MU) from $13 to $10.50 and maintains its Hold rating.

Credit Suisse has changed the price target on the following companies: Agrium (NYSE: AGU) Outperform, from $108 to $111 Cardinal Health (NYSE: CAH) Outperform, from $51 to $53 Discover Financial Services (NYSE: DFS) Neutral, from $25 to $28 Micron Technology (NASDAQ: MU) Outperform, from $15 to...

Montrose Securities, which moved shares of Micron Technology (NYSE: MU) from Not Rated to Hold, is providing some color on the stock. “Our fair value for Micron is $11 and is based on a P/BV of 1.1-1.2x one-year forward book value,” Montrose Securities writes. “MU's May quarter should be above...

Montrose Securities has moved its rating on Micron Technology (NASDAQ: MU) from Not Rated to Hold and has established a 12-month fair value of $11.

Wedbush is out with its report today on Micron Technology (NYSE: MU), maintaining Outperform. In a note to clients, Wedbush writes, "We reiterate our OUTPERFORM rating and $15 PT on Micron ahead of its FQ3 (May) results set to be reported AMC on Thursday, June 23. While investor sentiment on...

Goldman Sachs has lowered the price target on Micron Technology (NASDAQ: MU) from $8 to $7.50 and maintains its Sell rating.

Wells Fargo is out with its report today on Micron Technology (NYSE: MU), upgrading MU to Outperform. In a note to clients, Wells Fargo writes, "We are upgrading Micron to Outperform from Market Perform. Our valuation range of $10-12, based on 10-12x our FY2012 EPS estimate of $1.01, implies good...

Wells Fargo has upgraded Micron Technology (NASDAQ: MU) from Market Perform to Outperform.

Lazard Capital is out with its report today on Micron Technology (NYSE: MU), maintaining Buy. In a note to clients, Lazard Capital writes, "Based on our meetings with management we believe the Street is too bearish on recent DRAM spot market price declines and is directly correlating the stock to...