Why Micron Stock Dropped 4% Today

Micron is supposed to turn profitable again this year. But will it be profitable enough? Micron Technology (MU -4.62%) stock fell 3.9% through 10:30 a.m. ET Monday morning after investment bank Morgan Stanley dramatically slashed its price target on the computer memory maker. Up until today, Morgan Stanley had been saying Micron stock was worth $140 a share. Now, the banker believes Micron may be worth as little as $100. What Morgan Stanley said about Micron What changed? In today's note, Morgan Stanley ana ...