Micron (MU) PT Raised to $22 at Baird

October 5, 2016 6:45 AM EDT
Get Alerts MU Hot Sheet
Price: $21.96 +1.15%

Rating Summary:
    32 Buy, 8 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Baird analyst Tristan Gerra reiterated an Outperform rating and lifted his price target on Micron Technology (NASDAQ: MU) to $22.00 (from $18.00) on a strong NAND outlook for 2017 and continued DRAM tightening.

Gerra commented, "Bit growth acceleration in enterprise SSDs along with supply disruptions associated with 3D conversions could extend NAND tightness throughout 2017, while DRAM content increases and lack of new capacity also bode well for next year. Micron's 3D NAND yields are strong, in our view."

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $17.80 yesterday.

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