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8/1 Citi advises to buy on Micron weakness

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TREND1 Member Level  Tuesday, 08/01/17 11:10:35 AM
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8/1 Citi advises to buy on Micron weakness


• Citi calls Micron Technology’s (NASDAQ:MU) recent weakness a buying opportunity.

• Analyst Chris Danely says global DRAM supply model shows demand exceeding supply by 2% this year and 5% next year.

• NAND has experienced a large increase in capital expenditures on the year, which worries Citi, but only makes up about a quarter of Micron’s profits.

•Citi reiterates Buy rating with a $45 price target.

•Source: Bloomberg

•Micron shares are up 2.17%.



•Now read: Value In An Expensive Market: Micron's Cyclical Mispricing »


https://seekingalpha.com/news/3283837-citi-advises-buy-micron-weakness?uprof=51#email_link


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