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Micron Technology (MU) PT Lowered to $50 at Nomura/Instinet
November 19, 2018 8:00 AM ESTNomura/Instinet analyst Romit Shah lowered the price target on Micron Technology (NASDAQ: MU) to $50.00 (from $65.00) while maintaining a Buy rating. Nomura/Instinet lowered 1Q19 revenue/EPS estimates from $8.1bn/$2.95 to $7.9bn/$2.78. Full-year 2019 estimates also go from $31.7bn/$11.20 to $28.9bn/$9.10.
Shah believes... More
