Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 207.36

+3.0%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SeaViewer who wrote (47816)	8/25/1999 4:21:00 PM
From: benwood	Read Replies (3) of 53903

Even though this analyst thinks that MU will lose money for a couple more years, I can see why he/she/they felt justified in more than doubling the price target to $150: NEW YORK, Aug 25 (Reuters) - Gruntal & Co. said Wednesday it raised its 12-month price target for Micron Technology Inc. (NYSE:MU - news) to $150 from $70, and revised its fourth quarter and fiscal 1999, 2000 and 2001 earnings per share estimates. -- Shares of Micron were down 9/16 at 68-11/16 on the New York Stock Exchange. -- Gruntal revised EPS estimates for Q4 1999 to a loss of $0.15 from a loss of $0.24, and fiscal 1999 estimates to a loss of $0.36 from a loss of $0.45. -- Fiscal 2000 EPS estimates were raised to $2.50 from $1.45, and 2001 EPS estimates to $500 from $3.80.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next