Reported 2 months ago
Following a recent presentation, KeyBanc analyst John Vinh revised Micron Technology's price target down to $145 from $165, while maintaining an overweight rating. The changes come amidst fluctuating demand, particularly in China, despite Micron's announcement of resumed stock repurchases due to improved market conditions. CEO Sanjay Mehrotra and CFO Mark Murphy highlighted strong AI-driven demand but cautioned about weakness in consumer markets, affecting pricing and shipment expectations.
Source: YAHOO