Micron Technology (MU): Cost Synergies Could Drive Upside - Susquehanna

Susquehanna analyst, Mehdi Hosseini, reiterated his Positive rating on shares of Micron Technology (NASDAQ: MU) and raised his price target to $24 based on encouraging DRAM and NAND checks.

He argues that MU can deliver annual peak EPS of $2.50. Upside is possible if the company can execute on the cost front, including synergies associated with the Inotera integration.

The new $24 PT is up from $23.

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 $20.29 yesterday.

You May Also Be Interested In

• RBC Capital Downgrades Range Resources (RRC) to Sector Perform
• Jefferies Upgrades Husqvarna AB (HUSQB:SS) to Buy
• Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend