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Micron target boosted ahead of earnings

Sep. 18, 2019 10:15 AM ETMicron Technology, Inc. (MU) StockMUBy: Brandy Betz, SA News Editor49 Comments
  • Goldman Sachs raises its Micron (NASDAQ:MU) target from $56 to $59 and maintains a Buy rating.
  • The firm expects Q4 EPS to come in above the midpoint of the guidance, which sees $0.45 plus or minus $0.07. The firm expects flat sequential EPS in Q1. Consensus estimates have $0.51 EPS for Q4 and Q1.
  • Micron will report earnings on September 26. Consensus estimates have revenue of $4.55B with $0.48 EPS.
  • MU shares are down 1.2% to $50.25. The company has an Outperform average Sell Side rating.

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