Micron Downgraded As RBC Doubts Earnings Power

By | January 3, 2014

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RBC Capital Markets downgraded Micron Technology (MU) to sector perform from outperform Friday, sending Micron stock down 2% in morning trading in the stock market today. Analyst Doug Freedman wrote in his research note that while the cyber-memory firm has had a “great ride,” with the stock price tripling over the last 12 months, he no longer sees the upside. “Micron bulls are looking for $3.00+ in EPS power,” he wrote. “However, we believe those Scalper1 News

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