Micron’s 12-month price target raised, price objectives for Altria, American Airlines, Whiting Petroleum revised down

Micron Technology Inc (MU)

KeyBanc Capital Markets on Tuesday raised its 12-month price target on Micron Technology Inc from $45 to $58, citing “early signs” of a memory chip recovery with “signs of tightening supply in some markets as demand elasticity for NAND kicks in.”

The brokerage firm maintained an “Overweight” rating on the stock.

Micron shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. The stock went up 0.53% ($0.26) to $49.39, after touching an intraday low at $48.50, or a price level not seen since September 5th ($47.89).

Altria Group Inc (MO)

Piper Jaffray on Tuesday downgraded Altria Group Inc from “Overweight” to “Neutral” and also lowered its price target on the stock from $64 to $46.

Altria shares closed higher for a second consecutive trading session in New York on Tuesday. The stock went up 0.45% ($0.20) to $44.24, after touching an intraday low at $43.51, or a price level not seen since September 4th ($43.41).

American Airlines Group Inc (AAL)

Morgan Stanley on Tuesday maintained an “Underweight” rating on American Airlines Group Inc and also cut its price target on the stock from $26 to $25.

Shares of American Airlines Group closed higher for a sixth consecutive trading session on NASDAQ on Tuesday. It has also been the sharpest daily surge since September 5th. The stock went up 2.39% ($0.68) to $29.12, after touching an intraday high at $29.19, or a price level not seen since August 8th ($29.39).

Whiting Petroleum Corp (WLL)

Merrill Lynch on Tuesday downgraded Whiting Petroleum Corp from “Buy” to “Neutral” and also revised down its price target on the stock from $19 to $11.

Shares of Whiting Petroleum Corp closed lower for the fourth time in the past ten trading sessions in New York on Tuesday. The stock went down 1.37% ($0.11) to $7.93, after touching an intraday high at $8.76, or a price level not seen since August 22nd ($8.78).

Wells Fargo & Co (WFC)

UBS on Tuesday downgraded Wells Fargo & Co from “Buy” to “Neutral” and assigned a 12-month price target of $49 on the stock.

Shares of Wells Fargo & Co closed lower for the fourth time in the past eleven trading sessions in New York on Tuesday. The stock edged down 0.21% ($0.10) to $48.31, after touching an intraday high at $48.90, or a price level not seen since July 31st ($48.98).