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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?


To: DJBEINO who wrote (51736)9/6/2000 8:31:48 AM
From: KM  Read Replies (1) | Respond to of 53903
 
Micron whacked by DLJ. Down 7 already:

DLJ Slashes Micron Rating
By Betsy Riley
Staff Reporter
9/6/00 8:29 AM ET

Micron Technology (MU:NYSE - news) was hit hard this morning by Donaldson Lufkin & Jenrette when it was downgraded to underperform from buy and its price target was slashed to $50 from $122, CNBC reported.

Yesterday, the stock was started at SG Cowen with a buy rating and a price target of $125 a share.

Micron was lower in preopen trade on Instinet, trading at $71.25, down from Tuesday's close at 78.50.