Micron (MU) Receives a Hold from UBS


UBS analyst Timothy Arcuri maintained a Hold rating on Micron (MU) today and set a price target of $41. The company’s shares closed yesterday at $36.57, close to its 52-week low of $33.82.

According to TipRanks.com, Arcuri is a top 100 analyst with an average return of 24.5% and a 67.1% success rate. Arcuri covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Skyworks Solutions, and Texas Instruments.

Currently, the analyst consensus on Micron is a Moderate Buy with an average price target of $61.

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The company has a one-year high of $64.66 and a one-year low of $33.82. Currently, Micron has an average volume of 35.37M.

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Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU); Mobile Business Unit (MBU); Storage Business Unit (SBU); and Embedded Business Unit (EBU).

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