Boston, MA 02/12/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) now carried a price objective of $33 from investment analysts at JMP Securities according to a research note to investors issued Monday. Previously the firm planted a price target of $31 on the stock of MU. The latest price view on MU is not just an upgrade from the earlier view, but also a shows a significant upside potential from the prevailing price. JMP Securities now rates MU “outperform.” The average sentiment from 31 investment analysts currently tracking the stock is “hold” and consensus price target is $24. Micron Technology, Inc. (NASDAQ:MU) ended Tuesday session at $24.71, having shed 0.64 percent of its share value.
Dean Foods Co (NYSE:DF) did disappoint with a loss in the fourth quarter, yet that was expected by the analysts tracking the company. The latest loss was brought about by among other things early retirement of debt and some one-time charges. DF lost $37.7 million, reflecting 40 cents a share for the three months quarter ending December 31. A year ago the company realized net profit of $28.1 million or 300 cents a share over the same quarter. Revenue also declined in the latest reported quarter where 7 percent was lost from what was generated in a year ago quarter. Thus, DF reported revenue of $2.3 billion, almost in-line with the view of analysts polled by FactSet. While fourth quarter was a disappointment, what didn’t impress investors was the weak outlook for the current fiscal. Dean Foods Co (NYSE:DF) promised that it expected adjusted EPS in 2014 to come between 73 and 86 cents. Yet Wall Street was looking for $1.12 EPS.
Zynga Inc (NASDAQ:ZNGA) is tapping into mobile messaging potential. Having used Facebook Inc (NASDAQ:FB) to grow, ZNGA is now testing waters with Kik in mobile messaging space. The company quietly launched a title for mobile messaging app last summer whereby it brought One Word to Kik. It has now followed that with a new title called Words With Friends that is exclusive for Kik platform. Kik is fast growing now approaching 120 million users and it thus offers a perfect growth opportunity for Zynga Inc (NASDAQ:ZNGA).
