Thursday's analyst calls: Micron earnings reaction, oil giant gets an upgrade

📆 27/6/2024 07:11:00
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Petroleo Brasileiro SA Petrobras,Stock Markets,Investment Strategy

A chipmaker and an oil giant from Brazil were among the stocks being talked about by analysts on Thursday.

Micron Technology issued in-line revenue guidance, sending its shares lower in the premarket. Several analysts reacted to the company's forecast and latest quarterly figures. Meanwhile, Bank of America upgraded shares of Petrobras to buy. Check out the latest calls and chatter below. All times ET. 5:45 a.m.

"We see the stock's recent pullback, if anything, as an opportunity to add to positions as we continue to envision a) growth in AI compute initially in the core data center but ultimately at the edge, b) market share gains for Micron in the lucrative High-Bandwidth Memory market, and c) supply-side discipline on the part of Micron and its peers, driving positive EPS revisions through the end of CY2024 and into CY2025," Hari said.

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