Have investors forgotten about Micron (MU)? Amid all the attention surrounding coronavirus, it’s hard to argue if it feels that way. But with the chip giant expected to release earnings after market close tomorrow, the spotlight will be back on Micron.Ahead of the print, Susquehanna’s Mehdi Hosseini has been trimming estimates. Although, as the analyst notes, in the current climate it is hard to gauge earnings on a quarterly basis, the reduction is for earnings in FY20/21. The new targets are for EPS of $1.89/$4.39, down from the previous estimates of $2.26/$6.61.Nevertheless, Hosseini reiterates a Buy rating on Micron shares, …read more
Source:: Yahoo Finance
