However, there are plenty of positive analyst ratings, and in the past few days, there have been numerous strong buy recommendations for Micron from well-known analysts... (in fact, it's filled with buy recommendations) So why is there such a sensitive reaction to just one negative evaluation? Even when Mizuho Securities lowered the target stock price by a mere 5 dollars a couple of weeks ago, it dropped significantly.
Marvin1986 OP : Postscript: Subsequently, I found out through information from other contributors and news that another outrageous rating here is having an even greater impact.BNP Paribas downgrades Micron Technology (MU.US) to a sell rating, and cuts the target price to $67.