Replies to post #64812 on Savvy Trades and Investments

[researcher59]

MU +.27 to 50.75 will report earnings next Tuesday -

briefing 9/11 -

Micron: Longbow's MU upgrade rooted in improving DRAM & NAND pricing fundamentals (49.39 ) :

Analyst Nikolay Todorov upgraded MU to "Buy" from "Neutral" with a $66 price target noting, "Our checks highlight upside in shipments and improving DRAM and NAND pricing fundamentals associated with upside at select hyperscales and risk of tightening supply. As a result, upstream inventory drawdown is occurring faster than previously forecast, which should drive a bottoming in DRAM fundamentals by yearend to pair with an in-process recovery in NAND fundamentals. We are upgrading MU to BUY with a $66 12-month TP as we see upside to FY20 sales/EPS consensus and downside to FY20 capex expectations, which will add fuel to the bull thesis of CY20 supply tightness."

MU is indicated 1.7% higher in the pre-market, attempting to notch a fresh 52-week high; MU is slated to report Q4 results on September 24, after the close.