On Thursday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -7.30% to $14.74, hitting its lowest level, following a downgrade from analyst firm Robert W. Baird.
The Brokerage Firm has Lowered the Price Target of the company shares to $15 from a previous price target of $36. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Aug-20-2015.
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Shares of Chevron Corporation (NYSE:CVX), declined -2.06% to $79.24, during its last trading session, hitting its lowest level, as US crude oil prices fell to almost $40 a barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.
Oil has lost a third of its value since June on high US production, record crude pumping in the Middle East and concern about falling demand in Asian economies.
All the main oil futures contracts looked to be heading lower, PVM Oil Associates director and technical analyst Robin Bieber said.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
Finally, Staples, Inc. (NASDAQ:SPLS), ended its last trade with -0.57% loss, and closed at $14.04.
Staples 2015 earnings estimates were lowered to $0.95 from $0.98 per share at Jefferies, with 2016 earnings estimates cut to $1.00 from $1.03 per share.
Jefferies Group raised shares of Staples from a “hold” rating to a “buy” rating and upped their price objective for the company from $16.00 to $20.00 in a research report on Thursday, April 30th.
Risks comprise shrinking industry demand due to the digitization of home and work offices, raised competition from online and brick and mortar retailers, and softer demand for technology hardware, the firm noted.
However, Staples is seeing strength in Canada as two major retailers close a noteworthynumber of stores, the firm added.
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations.
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