Short-sellers sense an opportunity as China trade tensions brew
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- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- China makes small dent in deflation battle as supply-demand imbalance persists
FedEx (FDX) PT Lowered to $289 at Stifel, Maintains Bullish View
June 21, 2018 1:20 PM EDTStifel lowered its price target on FedEx (NYSE: FDX) to $289.00 (from $295.00) while maintaining a Buy rating.
Analyst David Ross said while there were a lot of moving pieces this week, the bottom line changed little - "the economy is healthy and earnings... More
Micron (MU) Benefiting from Systematic, Structural Changes in Memory - Needham & Company
June 21, 2018 10:54 AM EDTNeedham & Company reiterated a Strong Buy rating and $100 price target on Micron Technology (NASDAQ: MU).
Analyst Rajvindra Gill commented, "We are reiterating our Strong Buy and $100 PT following another beat/raise quarter. Micron is benefiting from systematic, structural changes occurring in the memory... More
Micron Technology (MU) PT Raised to $80 at FBN Securities
June 21, 2018 10:40 AM EDTFBN Securities raised its price target on Micron Technology (NASDAQ: MU) to $80.00 (from $75.00) while maintaining an Outperform rating.
Analyst Shebly Seyrafi commented, "The company reported a strong FQ3, with revenue of $7.8B growing by 40% Y/Y and coming in 1% above consensus. DRAM revenue growth of 56% Y/Y remains robust and is helped by strong ASP increases (up mid-30s%) countered by a deceleration in bit growth to mid-teens% (vs. a difficult comparison). The improved DRAM ASP helped drive... More
