(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) 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.: What analysts are saying after Micron Technology's fiscal third quarter results Analysts on Wall Street are largely sticking by Micron Technology even after the company's lackluster fourth-quarter revenue guidance . The in-line forecast seemingly overshadowed a better-than-expected third-quarter that saw Micron surpass estimates on the top and bottom line.
Micron shares were down 5% in the premarket. "We believe MU stock is selling off due to conservative guidance and higher capex and we would buy MU on weakness as the DRAM [dynamic random access memory] upturn thesis remains intact and we expect sequentially higher revenue, EPS, and gross margins through C25," Citi analyst Christopher Danely said. The analyst reiterated a buy rating on Micron stock with a $175 per share price target, implying nearly 23% upside from Wednesday's $142.
36 close. Goldman Sachs analyst Toshiya Hari also reiterated a buy rating following Micro.
