Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Morgan Stanley Cuts Micron Technology to 'Underweight'

Morgan Stanley downgraded Micron Technology (MU) to underweight from equal-weight.

Analyst John Cross says he believess Micron Technology is well positioned in the dynamic random access memory (DRAM) market, and is a fierce global competitor that is likely to be the prime beneficiary of market consolidation. But he says he also thinks the stock is likely to be under pressure near term. Cross cut his rating to underweight in an attractive industry. He maintains his $0.02 fiscal 2002 (Aug.) EPS estimate, and $1.50 for fiscal 2003.

blog comments powered by Disqus