Micron double downgraded to Underperform by BNP Paribas

Sep 12, 2024 · BNP Paribas issued a double downgrade on Micron Technology (MU), now rating the stock at Underperform and slashing its price target to $67 from $140 per share. Market …

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Micron Double Downgraded To Underperform By BNP Paribas

1 week from now

Sep 12, 2024 · BNP Paribas issued a double downgrade on Micron Technology (MU), now rating the stock at Underperform and slashing its price target to $67 from $140 per share. Market …

yahoo.com

$67
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Micron Just Downgraded At Exane BNP Paribas, Here’s Why

1 week from now

Sep 12, 2024 · Exane BNP Paribas double downgraded Micron Technology to Underperform from Outperform with a price target of $67, down from $140. While some investors correctly …

investingchannel.com

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Semiconductor Stock Hit With Rare Double Downgrade

1 week from now

Sep 12, 2024 · Micron Technology Inc (NASDAQ:MU) stock is 3.5% lower before the open, after a double downgrade at Exane BNP Paribas.The analyst downgraded the chip stock to …

schaeffersresearch.com

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Micron Gets A Downgrade And Price-Target Cuts, But Retail …

1 week from now

Sep 12, 2024 · Shares of Micron Technology Inc. (MU) fell over 3% in pre-market trading on Thursday after Exane BNP Paribas double downgraded the stock to ‘Underperform’ from …

stocktwits.com

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Micron (MU) Stock Drops Amid Analyst Downgrade - GuruFocus

1 week from now

Sep 12, 2024 · Shares of memory chip maker Micron (MU, Financial) fell 4.57% today after receiving a double rating downgrade from Exane BNP Paribas analyst Karl …

gurufocus.com

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Exane BNP Paribas Double Downgrades Micron Technology (MU) …

1 week from now

(Updated - September 12, 2024 8:44 AM EDT)Exane BNP Paribas analyst Karl Ackerman downgraded Micron Technology (NASDAQ: MU) from Outperform to Underperform, PT $67.00 …

streetinsider.com

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Why Micron Technology (MU) Shares Are Sliding Today - Yahoo …

1 week from now

Sep 12, 2024 · Shares of memory chips maker Micron (NYSE:MU) fell 6% in the morning session after the stock received a double rating downgrade from Exane BNP Paribas analyst Karl …

yahoo.com

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Micron Dips Following Downgrade, Price Target Cuts - MSN

1 week from now

In a more extreme move, Micron was downgraded to Underperform from Outperform by BNP Paribas Exane, and the price target was slashed to $67 from $140. BNP Paribas analyst, Karl …

msn.com

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Micron Stock Falls As More Analysts Slash Price Target. What’s

1 week from now

On Sept. 12, BNP Paribas analyst Karl Ackerman double downgraded shares of Micron to Underperform from Outperform and slashed his price target to $67 from $140. He wrote in a …

msn.com

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Down 44% From Highs, Will Micron Stock Keep Falling?

1 week from now

Sep 17, 2024 · Late last week, BNP Paribas Exane analyst Karl Ackerman issued a double downgrade on Micron from “outperform” to “underperform,” and cut the stock's price target …

tradingview.com

$67
OFF

Micron Double Downgraded To Underperform By BNP Paribas

1 week from now

Sep 12, 2024 · BNP Paribas issued a double downgrade on Micron Technology (MU), now rating the stock at Underperform and slashing its price target to $67 from $140 per share. Market …

goldberglawma.com

FAQs about Micron double downgraded to Underperform by BNP Paribas Coupon?

Will micron underperform AI peers?

Micron Will Underperform AI Peers, Analyst Says in Downgrade. The Stock Is Falling. Micron Will Underperform AI Peers, Analyst Says in Downgrade. The Stock Is Falling. Micron Technology stock slid Thursday after BNP Paribas double-downgraded shares of the chip maker. Karl Ackerman downgraded shares on Micron to Underperform from Outperform. ...

Is micron still on track to achieve its HBM targets?

Micron still appears on track to achieve its HBM targets, and Raymond James expects "ongoing yield improvement to remain a tailwind to margins." In a more extreme move, Micron was downgraded to Underperform from Outperform by BNP Paribas Exane, and the price target was slashed to $67 from $140. ...

Will micron underperform AI through '25?

The analyst cited the reason for the downgrade, adding, "While some investors correctly anticipate downside risk to near-term results, we think Micron will underperform AI peers through '25 as HBM (High Bandwidth Memory) capacity oversupply leads to a faster than anticipated market correction of conventional DRAM ASPs (Average Selling Prices). ...

Why did micron stock drop 41%?

The downgrade is also rooted in concerns about the broader memory cycle. Exane BNP Paribas concluded that the current upcycle for DRAM prices would likely peak in the November quarter. Despite Micron's stock already dropping about 41% from its peak, Exane remains cautious, saying, "There is still downside risk even to our target price of $67/sh." ...

Did Karl Ackerman downgrade micron?

Karl Ackerman downgraded shares on Micron to Underperform from Outperform. He slashed his price target to $67 from $140, which implies a 26% decline from the stock’s closing price Wednesday and marks the lowest price target on Wall Street, according to FactSet. ...

How much will micron's CAPEX increase in 2024?

At current forecasts, that would translate to capex of $13.5 billion, a near 70% increase from fiscal 2024 levels. Exane BNP Paribas analyst Karl Ackerman, who issued a rare 'double downgrade' for Micron stock, taking his rating to 'underperform' expects the group's lackluster performance to continue. ...