Micron Technology (MU)

[chmcnfunds]

From Fly:

"MU
08:51
Micron upgraded to Buy on sustainable margins and capex at Topeka
As previously reported, Topeka upgraded Micron to Buy from Hold and increased its price target to $34 from $30. The firm came away from an investor site visit incrementally more confident regarding PC demand and related DRAM pricing. Topeka's analyst believes Micron is at or ahead of plan on its 20nm DRAM ramp and will be able to keep DRAM capex flattish. In NAND, Micron is making steady TLC 3D NAND progress and expects gross margin improvement over the next several quarters. Topeka expects investor confidence in Micron's ability to sustain margins though cycles to increase over the next couple quarters as Micron executes."


http://www.thefly.com/landingPageNews.php?id=2211216&headline=MU-Micron-upgraded-to-Buy-on-sustainable-margins-and-capex-at-Topeka

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