Information Provided By:
Fly News Breaks for December 23, 2015
MU
Dec 23, 2015 | 08:46 EDT
After Micron provided weaker than expected Q2 guidance, JMP Securities still believes that patient investors will be rewarded for buying the stock at current levels. The firm thinks the company has a few positive catalysts going forward. It trimmed its price target on the name to $27 from $30 but keeps an Outperform rating on the shares.