Jefferies & Co upgrades Micron Technology (MU) to Buy
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Jefferies & Co upgrades Micron Technology (NYSE: MU) from Hold to Buy. Price target $17.
Jefferies analyst, John Lau, says, "We believe DRAM and NAND flash demand will increase as we enter than seasonally strong 2H07. We project Intel\\\'s July price cut on Micro Processors coupled with innovative products such as iPhone and new generation iPod from Apple (Nasdaq: APPL) will generate better than expected demand for memory products."
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