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Fly News Breaks for June 18, 2018
MU
Jun 18, 2018 | 09:03 EDT
Evercore ISI analyst C.J. Muse offered his preview of Micron's earnings report on Wednesday, stating that he is looking for a "solid beat and raise" and noting that further compression of its already "very low multiple" is a "clear signal" of cyclical concerns. Muse, who is now modeling August quarter EPS of $3.35 and raised his CY18 EPS estimate to $12.55, increased his price target on Micron shares to $100 from $80 and keeps an Outperform rating on the shares.
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