Morgan Stanley downgrades trader favorite Micron to sell, says inventories will pressure margins

Morgan Stanley downgrades trader favorite Micron to sell, says inventories will pressure margins

6 years ago
Anonymous $syBn1NGQOq

https://www.cnbc.com/2019/04/04/morgan-stanley-downgrades-micron-citing-high-inventories.html

Morgan Stanley is downgrading shares of Micron to underweight from equal weight, saying the stock price has rallied too far too fast even as the chipmaker faces a challenging inventory situation.

The investment bank's price target on Micron is $32 a share, 27 percent below Wednesday's closing price at $43.90. The average target price among analysts is $48.67, according to Factset.

Morgan Stanley downgrades trader favorite Micron to sell, says inventories will pressure margins

Apr 4, 2019, 12:14pm UTC
https://www.cnbc.com/2019/04/04/morgan-stanley-downgrades-micron-citing-high-inventories.html > Morgan Stanley is downgrading shares of Micron to underweight from equal weight, saying the stock price has rallied too far too fast even as the chipmaker faces a challenging inventory situation. > The investment bank's price target on Micron is $32 a share, 27 percent below Wednesday's closing price at $43.90. The average target price among analysts is $48.67, according to Factset.