Exane BNP Paribas Downgrades Micron Technology to Underperform, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas has downgraded Micron Technology from Outperform to Underperform and significantly lowered its price target from $140 to $67.
September 12, 2024 | 5:22 pm
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Exane BNP Paribas has downgraded Micron Technology from Outperform to Underperform, reducing the price target from $140 to $67.
The downgrade from Outperform to Underperform by Exane BNP Paribas, along with a significant reduction in the price target, suggests a negative outlook for Micron Technology. This is likely to lead to a short-term decrease in the stock price as investors react to the analyst's revised expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100