Notable Analyst Actions: QUALCOMM (NASDAQ:QCOM), Jabil Circuit, Inc.(NYSE:JBL), Micron Technology, Inc.(NASDAQ:MU)



CLSA expects QUALCOMM (NASDAQ:QCOM)’s Q1 and Q2 to be inline but longer-term, sees meaningful margin upside in QCT from likely consolidation in the baseband industry. The firm views valuation as attractive and reiterates its Outperform rating and raises its price target to $90 from $82.

Analysts have a consensus price target of $78.92 on QUALCOMM (NASDAQ:QCOM) which indicates a .50% upside. The consensus rating of the stock is a BUY with a score of 2.72. There are currently 9 Hold Ratings and 23 Buy ratings on the stock.

The most recent analyst action consisted of Canaccord Genuity boosting its price target from $86 to $90 on April 3rd.

Jabil Circuit, Inc.(NYSE:JBL), a provider of worldwide electronic manufacturing services, was downgraded by analysts at RBC Capital Markets to a sector perform rating from outperform.

The firm lowered its price target on the stock to $20 from $21 a share.

In pre-market activity, shares of JBL were down 0.7% to $17.48, in a 52-week trading range of $15.30 to $24.32.

Drexel Hamilton raised “Buy” rated Micron Technology, Inc.(NASDAQ:MU)¬†estimates and increased its price target to $50 from $30 due to higher pricing and margin trends. The firm expects DRAM pricing to remain firm and for minimal industry capacity additions this year, resulting in rising earnings, an improving balance sheet and greater share upside potential.

Analysts have a consensus price target of $25 on Micron Technology, Inc.(NASDAQ:MU) which indicates a 1% upside. The consensus rating of the stock is a BUY with a score of 2.50.  There are currently 9 Hold ratings, 15 Buy ratings, 2 Strong buy and 4 sell ratings on the stock.

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