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2022-06-04

Micron Gets Rare "Underweight" Rating as PC Demand Slows

Micron Technology's stock received a rare "underweight" rating from a brokerage due to the memory-ch

Micron Gets Rare "Underweight" Rating as PC Demand Slows

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Beli
·2022-06-04
Hope not!
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As a result, we do feel Micron is likely to underperform,&#34; Piper Sandler said.</p><p>The brokerage, however, expressed confidence in the company&#39;s data centre business, which represents less than 30% of revenue.</p><p>It cut Micron&#39;s price target by $20 to $70.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron Gets Rare \"Underweight\" Rating as PC Demand Slows</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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