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MU

Micron

$33.74

-0.27 (-0.79%)

08:05
01/09/19
01/09
08:05
01/09/19
08:05

Micron upgraded to Outperform at Bernstein on attractive risk/reward

As previously reported, Bernstein analyst Mark Newman upgraded Micron to Outperform from Market Perform saying that although he still sees up to 20% potential further downside in the worst scenario, the risk/reward is now too attractive to ignore. The analyst also lowered his price target on the shares to $52 from $60.

  • 28

    May

MU Micron
$33.74

-0.27 (-0.79%)

01/07/19
BMOC
01/07/19
UPGRADE
Target $50
BMOC
Outperform
Micron upgraded to Outperform at BMO Capital on valuation
As reported earlier, BMO Capital analyst Ambrish Srivastava upgraded Micron to Outperform from Market Perform and also raised his price target to $50 from $32. The analyst contends that while the fundamentals on the stock will "likely get worse before they get better", he sees the share prices as having bottomed based on valuation trading close to book value. Srivastava adds that Micron has likely closed the margin gap relative to its larger rivals from 9 points to 6 points in a bid to become a "structurally more profitable company".
01/07/19
01/07/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Outperform from Market Perform at BMO Capital with analyst Richard Carlson citing a "brighter spotlight" being placed on the GM Cruise model in 2019 leading to more appropriate value being priced into the shares. 2. Alphabet (GOOG, GOOGL), Adobe (ADBE), and Salesforce (CRM) were upgraded to Buy from Hold at Pivotal Research. 3. Citi (C) upgraded to Outperform from Neutral at Macquarie with analyst David Konrad saying despite macro uncertainties, he sees Citi's stock as compelling due to his expectations for improving performance, continued operating leverage and credit risk concerns that he views as overdone. 4. Micron (MU) upgraded to Outperform from Market Perform at BMO Capital with analyst Ambrish Srivastava citing valuation. 5. Dillard's (DDS) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss saying he sees a more balanced risk/reward with the stock underperforming the over the past few years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/19
NEED
01/08/19
NO CHANGE
NEED
Hold
Needham stays Hold on Micron, says Samsung confirmed weakening outlook
Needham analyst Rajvindra Gill keeps a Hold rating on Micron Technology (MU) after Samsung (SSNLF) lowered its preliminary outlook for Q4. Similar to Micron, Samsung cited excess inventory at its hyperscaler customers and weaker than expected demand in smartphones, Gill tells investors in a research note. Samsung also reiterated a similar view of Micron's that it expects a second half of 2019 rebound driven by new central processing unit architectures and launches of new smartphones, adds the analyst. Gill, however, believes visibility into the second half of 2019 remains limited. Based on industry conversations, he thinks excess inventory at hypersacalers will persist for at least another 3-6 months. Further, the slowing Chinese economy makes him cautious on overall demand conditions in the first half of the year. As such, Gill says that while Micron is trading at historical low valuation multiples, the stock has further downside if demand conditions worsen. Shares of Micron are down 3%, or $1.11, to $32.89 in morning trading.
01/09/19
BERN
01/09/19
UPGRADE
BERN
Outperform
Micron upgraded to Outperform from Market Perform at Bernstein

TODAY'S FREE FLY STORIES

ETFC

E-Trade

$47.45

0.88 (1.89%)

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PFE

Pfizer

$42.41

0.45 (1.07%)

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MRK

Merck

$79.84

0.9 (1.14%)

, PFE

Pfizer

$42.41

0.45 (1.07%)

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AVEO

Aveo Pharmaceuticals

$0.62

0.0092 (1.51%)

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ARDM

Aradigm

$0.00

(0.00%)

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AMZN

Amazon.com

$1,608.88

-13.47 (-0.83%)

, XPO

XPO Logistics

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-7.535 (-12.65%)

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AMZN

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$1,608.88

-13.47 (-0.83%)

XPO

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YETI

Yeti

$22.85

0.97 (4.43%)

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L

Loews

$46.67

0.785 (1.71%)

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Investors can love Loews, Barron's says »

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EQIX

Equinix

$421.53

1.16 (0.28%)

, COR

CoreSite Realty

$102.69

0.625 (0.61%)

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CoreSite Realty

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Iron Mountain

$35.13

-0.14 (-0.40%)

INXN

Interxion

$64.65

0.81 (1.27%)

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NOK

Nokia

$6.31

0.015 (0.24%)

, ERIC

Ericsson

$9.36

0.015 (0.16%)

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NOK

Nokia

$6.31

0.015 (0.24%)

ERIC

Ericsson

$9.36

0.015 (0.16%)

SSNLF

Samsung

$0.00

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CSCO

Cisco

$49.45

1.05 (2.17%)

JNPR

Juniper

$27.12

0.16 (0.59%)

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COP

ConocoPhillips

$70.13

1.04 (1.51%)

, MUR

Murphy Oil

$29.23

0.59 (2.06%)

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Dividend investors should look to oil stocks for big yields, Barron's says »

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COP

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$70.13

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MUR

Murphy Oil

$29.23

0.59 (2.06%)

CVX

Chevron

$119.30

1.19 (1.01%)

VLO

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$84.34

0.75 (0.90%)

XOM

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MRO

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AMZN

Amazon.com

$1,608.88

-13.47 (-0.83%)

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ICE

IntercontinentalExchange

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-0.46 (-0.61%)

, NDAQ

Nasdaq

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ICE

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$87.74

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$47.54

1.49 (3.24%)

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AMD

AMD

$23.68

0.55 (2.38%)

, INTC

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$51.64

0.85 (1.67%)

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AMD

AMD

$23.68

0.55 (2.38%)

INTC

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$51.64

0.85 (1.67%)

MRVL

Marvell

$18.82

-0.37 (-1.93%)

MCHP

Microchip

$91.10

0.49 (0.54%)

MU

Micron

$41.99

-0.23 (-0.54%)

NVDA

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2.69 (1.74%)

QCOM

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TXN

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TWTR

Twitter

$31.23

0.28 (0.90%)

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AMGN

Amgen

$188.31

1.6 (0.86%)

, ALPMY

Astellas Pharma

$0.00

(0.00%)

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AMGN

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$188.31

1.6 (0.86%)

ALPMY

Astellas Pharma

$0.00

(0.00%)

AZN

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$40.92

0.93 (2.33%)

BAYRY

Bayer

$0.00

(0.00%)

BMY

Bristol-Myers

$51.64

0.81 (1.59%)

CALA

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$5.35

0.14 (2.69%)

CLVS

Clovis

$25.44

(0.00%)

DNA

Bought by RHHBY

$0.00

(0.00%)

ESALY

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$0.00

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EXEL

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$22.26

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IMMU

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$14.23

0.225 (1.61%)

INO

Inovio

$3.70

0.01 (0.27%)

MRK

Merck

$79.84

0.9 (1.14%)

MYOV

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$21.48

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MYGN

Myriad Genetics

$31.41

0.53 (1.72%)

NH

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$0.60

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NVS

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PFE

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PGNX

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SGEN

Seattle Genetics

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SNY

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$42.51

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TYME

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$3.19

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AVEO

Aveo Pharmaceuticals

$0.62

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WES

Western Gas Partners

$49.52

0.38 (0.77%)

, WGP

Western Gas Equity

$32.38

0.2 (0.62%)

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Western Gas Partners, Western Gas Equity analyst commentary at MUFG »

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WES

Western Gas Partners

$49.52

0.38 (0.77%)

WGP

Western Gas Equity

$32.38

0.2 (0.62%)

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PXD

Pioneer Natural

$145.33

2.27 (1.59%)

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ZTS

Zoetis

$95.38

2.16 (2.32%)

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Zoetis CEO says: 'Diagnostics are more important in animals than humans' »

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JNJ

Johnson & Johnson

$136.40

2.13 (1.59%)

18:22
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Johnson & Johnson CEO: 'We ended 2018 with great results' »

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

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Court says Windstream defaulted on bonds in 2015, Bloomberg says »

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WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

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BHVN

Biohaven Pharmaceutical

$45.32

1.36 (3.09%)

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Biohaven treatment of multiple system atrophy granted FDA orphan designation »

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AMGN

Amgen

$188.31

1.6 (0.86%)

18:11
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Amgen treatment of Acute Myeloid Leukemia granted FDA orphan designation »

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CE

Celanese

$100.19

1.19 (1.20%)

18:02
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Celanese announces Acetyl Intermediates price increases in China »

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

17:58
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Periodicals
Court says Windstream defaulted on bonds in 2015, Bloomberg says »

A court has ruled that…

WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

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GLD

SPDR Gold Shares

$124.81

0.77 (0.62%)

17:41
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Hot Stocks
SPDR Gold Shares holdings fall to 793.03MT from 796.85MT »

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