AmTech Reiterates Buy on Micron (MU)
More News related to MU
- Micron Technology to Restructure Memory Operations
- Lexar Media Unveils Crucial Ballistix Tracer DDR3 Memory for Enthusiasts and Gamers
- Analyst Reports for Guess? Inc., Micron Technology Inc., Marriott International Inc. and General Growth Properties Inc.
- Morning Movers 10/02: Ag Stocks Slammed After Mosaic (MOS) Results and Downgrades; Financials Up on Bailout Bill Hopes
- After-Hours Movers 10/01: Mosaic (MOS) Sinks On Results, Other Ag Stocks Follow (POT, CF, TRA, AGU)
American Research Technology reiterates its Buy rating and $9.50 price target on Micron (NYSE: MU).
The firm cites recent channel checks as indicating that DRAM pricing is up again in the first half of June following a strong April and May pricing period. AmTech notes that the market was likely expecting prices to remain relatively flat to slightly down, suggesting upside to valuations. The firm calls Micron "the best way to capture upside in DRAM prices as a period of even flat pricing would have a significant impact to gross margins and accelerate a return to profitability."
Micron Technology, Inc. engages in the manufacture and marketing of semiconductor devices worldwide.
Related Categories
Analyst CommentsStocks Mentioned
-0.33Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
