As previously reported, Bernstein downgraded Micron to Market Perform from Outperform. Analyst Mark Newman said Micron reported a slight Q2 beat but provided very disappointing guidance. Also, he expects further DRAM pressure given Samsung's aggressiveness and sees meaningful downside to Micron shares in the near-term. Newman lowered his price target on Micron shares to $10 from $14.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here