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jimmybob

09/23/20 9:37 AM

#342414 RE: jimmybob #342412

Cleveland Research ups Micron to Buy ahead of expected bottom for DRAM and NAND
As previously reported, Cleveland Research analyst Chandler Converse upgraded Micron to Buy from Neutral as his checks continue to point to a turn in DRAM and NAND pricing in Q2 and he has increased conviction of a turn in DRAM and NAND pricing in the first half of 2021. He sees potential for Micron to outperform consensus expectations in the second half of FY21 and thinks the company has "a strong setup" for FY22 given better supply/demand expectations, the analyst added