These 5 Stocks are Getting Crushed on Monday

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1. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 69

Shares of Micron Technology, Inc. (NASDAQ:MU) slipped over two percent in mid-day trading Monday after receiving a price-target cut from multiple research firms this morning. Evercore ISI reduced its price target for the semiconductor company from $85 per share to $75 per share. Evercore’s analyst C.J. Muse thinks Micron Technology, Inc. (NASDAQ:MU) would post its financial results for the August quarter below expectations.

In addition, Susquehanna analyst Mehdi Hosseini also lowered his price target for Micron Technology, Inc. (NASDAQ:MU) from $68 per share to $60 per share. These price-target cuts have come just ahead of Micron’s fiscal fourth-quarter results.

Micron Technology, Inc. (NASDAQ:MU) is scheduled to report its Q4 earnings after the closing bell on Thursday, September 29, 2022. Analysts expect the company to earn $1.38 per share on revenue of $6.81 billion.

You can also take a peek at Best Battery Stocks To Buy and 10 Best Cyclical Stocks for Inflation.

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