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Thursday, 12/22/2016 7:04:15 AM

Thursday, December 22, 2016 7:04:15 AM

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Micron can reach peak EPS of $4.00, says Citi
Citi analyst Christopher Danely reiterates a Buy rating on Micron Technology with a $30 price target following the company's Q1 results. In a research note partially titled "Let the Good Times Roll," the analyst raised his estimates for the company to reflect improving DRAM industry conditions and margin improvement initiatives. He now believes Micron can achieve peak earnings per share of $4.00, up from his prior peak EPS estimate of $3.50

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