UBS Maintains a 'Buy' on Micron Technology (MU); Q3 Preview

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UBS maintains a 'Buy' on Micron Technology (NASDAQ: MU) price target of $12.00.

Analyst, Uche Orji, expects trends to improve. Although, yesterday, the company announces a new class of 1GHz, 2-gigabit and 4Gb, 30-nanometer DDR3 devices.

Also, Jefferies, made positive comments this morning, telling investors the stock is oversold and that shares are trading below the 2008 trough valuation.

Note - shares are down in the past 52-wk. The stock is currently at $5.92, and the 52-wk rangef is $3.97-9.16.

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 $5.92 yesterday, with a 52 week range of $3.97-$9.16.

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