Micron (MU) now higher by 7.7% post-earnings as Jefferies raises its price target to a...
Friday, March 22, 8:18 AM ET
Micron (MU) now higher by 7.7% post-earnings as Jefferies raises its price target to a Street-high $15 from $10, while bumping its 2013 and 2014 EPS estimates to $0.48 (from -$0.20) and $2.57 (from $0.76), respectively. "We believe there is upside to our Street-high estimates." Credit Suisse raises its PT to $14 from $8, highlighting extremely favorable supply dynamics. This Market Current was sent to 5,004 people who get email alerts on MU.
Jefferies looking for earnings next year of $2.57, put a 8 times multiple and you get over $20. More upgrades like this coming shortly. The analysts are always late to the party. You have to do your own DD. Where were they 3 months ago when you could have bought all you wanted in the low $6's