Micron Technology (MU): DRAM Appears To Be Tracking Ahead Of Consensus - Mizuho

September 20, 2016 6:08 AM EDT
Get Alerts MU Hot Sheet
Price: $17.54 +2.81%

Rating Summary:
    29 Buy, 9 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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Mizuho Securities analyst, Vijay Rakesh, reiterated his Buy rating on shares of Micron Technology (NASDAQ: MU) after DRAMeXchange stated that SepQ/DecQ DRAM pricing could be up 9%/13% q/q, versus flat to down 4% q/q consensus. The analyst's DRAM ASP estimates for are for an increase of ~3-4% q/q.

No change to the price target of $20.

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 $16.95 yesterday.

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