Entry level $52.91 = Target price $54.73 = Stop loss $52.20
Susquehanna upgrades Micron to Positive with bottom seen approaching. As previously reported, Susquehanna analyst Medhi Hosseini upgraded Micron to Positive from Neutral with a price target of $85, up from $45. While the analyst is reducing his FY20 EPS estimate to account for a downtick in near-term average selling price trends, Hosseini believes February guidance should mark the bottom and sees higher odds for a sustainable average selling price improvement in both DRAM and NAND starting in the May quarter and sustaining into the second half of 2020. In light of this view, Hosseini raised his FY21 EPS estimate and now projects earnings power in the $8-$10 per share range for Micron. Read more at: thefly.com/land...ingPageNews.php?id=3007059...
thefly.com
Susquehanna upgrades Micron to Positive with bottom seen approaching. As previously reported, Susquehanna analyst Medhi Hosseini upgraded Micron to Positive from Neutral with a price target of $85, up from $45. While the analyst is reducing his FY20 EPS estimate to account for a downtick in near-term average selling price trends, Hosseini believes February guidance should mark the bottom and sees higher odds for a sustainable average selling price improvement in both DRAM and NAND starting in the May quarter and sustaining into the second half of 2020. In light of this view, Hosseini raised his FY21 EPS estimate and now projects earnings power in the $8-$10 per share range for Micron. Read more at: thefly.com/land...ingPageNews.php?id=3007059...
thefly.com