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Wednesday, 09/27/2017 9:34:32 AM

Wednesday, September 27, 2017 9:34:32 AM

Post# of 3658
• Analysts adjust price targets after Micron Technology’s (NASDAQ:MU) Q4 beats yesterday.
• Wells Fargo raises its Micron price target by $5 to $45 and maintains an Outperform rating.
• Analyst David Wong introduces an FY19 GAAP EPS estimate of $5.60. The figure is below the FY18 estimate but Wong says that if the “positive memory pricing environment continues” the firm could raise that FY19 estimate
• Baird raises its price target from $48 to $52 and maintains an Outperform rating.
• Analyst Tristan Gerra believes in the supply-demand trends for Micron in FY18 are sustainable especially for DRAM.
• Finally Susquehanna raises its Micron price target by $4 to $54 and maintains a Positive rating.
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