Barclays reduced the price target on Micron Technology but maintained a Buy rating on the stock. Shares in the chipmaker declined 1.2% on Friday.Barclays analyst Blayne Curtis lowered Micron’s (MU) price target to $55 (20.6% upside potential) from $60, after the company warned that it could miss 1Q revenue guidance. The new PT reflects “near-term softness after the company indicated they are seeing a softer demand environment in the Enterprise channel as well as some impact from later qualifications of their 1Z products, which add up to make their August-end quarter revenue much more back-end loaded than anticipated.”In addition, UBS …read more
Source:: Yahoo Finance
