Analysts: Stable DRAM Prices Will Benefit Micron and 3 More Research Notes to Browse Through
Micron (NASDAQ:MU): Jefferies has raised its price target on Micron from $15 to $18, citing expectations that DRAM prices will remain stable, ultimately leading to strong Q2 results. The firm keeps a Buy rating on the shares, and points out that Citi this morning upped its price target for Micron to $19.
Weyerhaeuser (NYSE:WY): RBC Capital sees Weyerhaeuser’s acquisition of Longview Timber as being positive, and believes that the deal should enable Weyerhaeuser to realize synergies with its existing land-base next door and lever its strong Japanese export opportunity. The firm points out that the company’s incoming CEO has created shareholder value in the past, and it recommends that investors buy the stock.
Deere & Co. (NYSE:DE): Cleveland Research has lowered Deere’s FY14 EPS estimate to $7.90, compared to the consensus that stands at $8.82, based on growing levels of used inventories.
Becton Dickinson (NYSE:BDX): Argus has increased its price target on Becton Dickinson to $115 from $95, as the firm expects the company to benefit from its new generic drug manufacturing business, which carries high margins. It keeps a Buy rating on the shares.