Micron Technology
projection for its fiscal first-quarter profit was weak, but an analyst at Summit Insight analyst lifted his rating on the stock, saying he views a plan by management to cut capital spending as a positive.
Summit’s Kinngai Chan lifted his rating on Micron’s stock to Buy from Hold on Thursday, just after the memory-chip company delivered its fiscal fourth-quarter results. After the market closed, Micron (ticker:
MU
) said adjusted earnings for the November quarter are expected to be 4 cents a share, plus or minus a dime, while the consensus call among analysts tracked by
FactSet
was for 64 cents a share.
Source: https://www.barrons.com/articles/micron-technology-earnings-stock-reaction-51664543940?siteid=yhoof2&yptr=yahoo
Micron’s Earnings Had a Silver Lining. This Analyst Raised His Stock Rating.
Micron Technology
projection for its fiscal first-quarter profit was weak, but an analyst at Summit Insight analyst lifted his rating on the stock, saying he views a plan by management to cut capital spending as a positive.
Summit’s Kinngai Chan lifted his rating on Micron’s stock to Buy from Hold on Thursday, just after the memory-chip company delivered its fiscal fourth-quarter results. After the market closed, Micron (ticker:
MU
) said adjusted earnings for the November quarter are expected to be 4 cents a share, plus or minus a dime, while the consensus call among analysts tracked by
FactSet
was for 64 cents a share.
Source: https://www.barrons.com/articles/micron-technology-earnings-stock-reaction-51664543940?siteid=yhoof2&yptr=yahoo