Micron Technology (MU): DRAM Pricing Expected To Improve Into 4Q - Mizuho

September 6, 2016 6:46 AM EDT
Get Alerts MU Hot Sheet
Price: $22.85 +4.39%

Rating Summary:
    32 Buy, 8 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Mizuho Securities analyst, Vijay Rakesh, reiterated his Outperform rating on shares of Micron Technology (NASDAQ: MU) noting that Mizuho's Asian team, post their visit to Korea, expects DRAM pricing to improve further in 4Q16 at Samsung and a healthy NAND with strong demand for SSD and mobile. Samsung expects DRAM price recovery to continue into 4Q16, with PC/DRAM pricing improving 1-5% in 4Q16 while mobile DRAM price decline should moderate to 5%.

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 $16.70 yesterday.

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