Micron Technology (MU): Price Leader When Combined With Inotera - Mizuho

October 10, 2016 7:12 AM EDT
Get Alerts MU Hot Sheet
Price: $22.32 +2.67%

Rating Summary:
    32 Buy, 8 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Mizuho Securities analyst, Vijay Rakesh, reiterated his Buy rating on shares of Micron Technology (NASDAQ: MU) on the belief that improving DRAM/NAND bit growth should continue to be upside to the flat FebQ consensus topline. DRAM/NAND bit growth for the AugQ were up ~20%/13% q/q, with NovQ topline up ~15% q/q, which positions the FebQ well.

When combined with Inotera (expected close) the analyst believes MU is the cheapest among all the memory OEMs positioning the company well in this commodity business. No change to the price target of $22.

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 $17.61 yesterday.

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