Micron Technology, Inc., Reports Results for the First Quarter of Fiscal 2018

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Micron Technology (MU) PT Raised to $56 at Loop Capital

December 20, 2017 6:48 AM EST

Loop Capital raised its price target on Micron Technology (NASDAQ: MU) to $56.00 (from $47.00) while maintaining a Buy rating.

Analyst Betsy Van Hees highlighted the big beat and that it bucked typical seasonal trends.

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Micron Technology (MU) Tops Q1 EPS by 26c, Q2 Guidance Tops Views

December 19, 2017 4:01 PM EST

(Updated - December 19, 2017 4:08 PM EST)

Micron Technology (NASDAQ: MU) reported Q1 EPS of $2.45, $0.26 better than the analyst estimate of $2.19. Revenue for the quarter came in at $6.8 billion versus the consensus estimate of $6.41 billion.

"Micron's strong results were driven by double-digit sequential... More