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07/31/14 04:33:37 PM

Micron Technology Inc., Booz Allen Hamilton Holding Corporation, Whole Foods Market, Inc.

Micron Technology Inc.(MU) : Samsung Electronics' plan to boost in-house production of memory chips sent shares of Micron Technology (NASDAQ: MU) reeling Thursday, but one analyst said smart money should be buying. "Samsung is merely confirming a DRAM shortage," Summit's Srini Sundararajan said in a note. "Those who are rushing for the exits on Micron are not receiving good advise." DRAM chips are key components of mobile devices and Micron has benefited from a market shortage. Its shares are up more than 40 percent year to date. "Listen to what Samsung is saying, but more importantly, pay attention to what they are doing," Sundararajan said. "By signalling it is increasing capacity, Samsung might not even need to carry this out because it expects prices will fall" as a result of the announcement. Sundararajan said the Samsung capacity plan confirms his "Buy" thesis on Micron, and called its share weakness Thursday a buying opportunity. Micron closed Thursday down more than six percent at $30.50. 2014 Benzinga does not provide investment advice. All rights reserved.

Booz Allen Hamilton Holding Corporation(BAH) : In a report released Thursday, Credit Suisse analyst Robert Spingarn upgraded Booz Allen Hamilton (NYSE: BAH) from Neutral to Outperform, while raising its price target from $23 to $27. Analyst at Credit Suisse like Booz Allen's ability to control its costs during difficulties in top line growth and its high historic returns to shareholders. Spingarn is bullish on the $1 special dividend announcement and the company's FQ1's $0.50 EPS surpassing estimates of nearly $0.03. 2014 Benzinga does not provide investment advice. All rights reserved.

Whole Foods Market, Inc.(WFM) : Whole Foods Market (NASDAQ: WFM) reported its third quarter earnings after the closing bell Wednesday and the results sent the stock tumbling. In response to what some are calling disappointing quarterly results, analysts have put out reports describing their opinions on the stock. SunTrust - Buy, $50 The analysts at SunTrust noted that Whole Foods same-store sales of 3.9 percent were "somewhat shy" of the 4.7 percent consensus figure. However, they said given the historical trends and "prevailing consumer sluggishness," the quarter's guidance and estimates may have been a little "aggressive." Raymond James - Market Perform "We remain on the sidelines as we expect investor skepticism over the company's long-term growth potential and ability to meet (or exceed) long-term earnings guidance will continue until comp trends reaccelerate." 2014 Benzinga does not provide investment advice. All rights reserved.


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