On Friday, Shares of Micron Technology, Inc. (NASDAQ:MU), gained 0.44% to $25.13, hitting its lowest level.
Micron Technology stock had its price target lowered to $32 from $39 at both Keybanc and Pacific Crest as they reiterated their “overweight” ratings.
Micron’s DRAM, which accounts to about 30% of its total revenue, is the world’s second largest player in the sector, has been struggling this year due to weak demand and delays in PC shipment, Pacific Crest noted.
Additionally, analysts at Pacific Crest lowered Micron Technology 2015 earnings to $3.06 per share from $3.19, and 2016 earnings per share to $3.16 from $3.91.
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 Huntington Bancshares Incorporated (NASDAQ:HBAN), inclined 0.35% to $11.52, during its last trading session.
Huntington brings back the Hall of Banking in a new series of brand advertising now on television and radio stations in its markets. Building on the tremendous success from last year’s campaign, the new ads continue to challenge “banking as usual” by showing how Huntington is different than other banks.
The ads once again feature a Huntington Banker teaching a traditional banker the better way to serve customers. In a survey of consumers by the global research firm, TNS, last year’s ads with the same actors generated greater positive feelings, or favorability, than ads from Huntington’s competitors within their markets.
“The ads illustrate how we listen to our customers,” said Mary Navarro, director of retail and business banking. “Customers said they needed more time to make deposits, and so we made changes. If our customers make a deposit by midnight at one of our ATMs or through our Mobile App, it gets credited that same business day. We call it All Day DepositSM. We’re the only bank we know of that offers this up to midnight cut-off for ATM and Mobile. Other banks have arbitrary cut-off times prior to the day’s end.”
The All Day DepositSM ad illustrates the frustration of rushing to make a deposit with a customer in a hamster wheel trying to get to the bank on time. “It is funny because we have all felt that way at times. That’s why we rolled out All Day DepositSM, so customers have more time to make a deposit,” added Navarro.
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company’s Retail and Business Banking segment offers financial products and services, counting checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, insurance, interest rate risk protection, foreign exchange hedging, and treasury administration services.
Finally, American Realty Capital Properties, Inc. (NASDAQ:ARCP), ended its last trade with -0.23% loss, and closed at $8.66.
American Realty Capital Properties, and Cole Capital, ARCP’s investment administration business, declared the appointment of William C. Miller as President and Chief Executive Officer of Cole Capital and Executive Vice President, Investment Administration for ARCP. Mr. Miller reports directly to Glenn J. Rufrano, ARCP’s Chief Executive Officer, and also serves on the Company’s senior administration team.
As President and CEO of Cole Capital, Mr. Miller will provide planned direction and oversee all aspects of the administration of the non-traded REIT sponsor’s distribution business counting external and internal sales, product development, due diligence, broker-dealer relationship administration, securities operations and capital markets. His appointment follows the resignation of Michael T. Ezzell, Cole Capital’s previous President and CEO, who stepped down for personal reasons. The Company appreciates Mr. Ezzell’s contributions to Cole Capital during the past six years.
American Realty Capital Properties, Inc. owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
