Wells Fargo Reiterates an 'Outperform' on Micron Technology (MU); Favorable Terms for Elpida Acquisition
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Price: $11.39 +4.30%
Rating Summary:
16 Buy, 10 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
16 Buy, 10 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade MU Now!
Wells Fargo reiterates an 'Outperform' on Micron Technology (NASDAQ: MU) price target range $10-$12.
Analyst, David Wong, said, "Over the last few years Micron has successfully diversified beyond commodity DRAM to establish substantial businesses in specialty DRAM, NAND flash, NOR flash and image sensors which we think could help improve profit stability somewhat. We believe that solid growth in the computer space will drive DRAM growth over the next several years. We view NAND flash as a segment that has high growth potential given the many new applications that NAND flash is used for."
Specifically regarding the acquisition of Elpida, Wong considers the acquisition price
and terms of payment for Elpida to be favorable to Micron.
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 $6.31 yesterday, with a 52 week range of $3.97-$9.16.
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Analyst, David Wong, said, "Over the last few years Micron has successfully diversified beyond commodity DRAM to establish substantial businesses in specialty DRAM, NAND flash, NOR flash and image sensors which we think could help improve profit stability somewhat. We believe that solid growth in the computer space will drive DRAM growth over the next several years. We view NAND flash as a segment that has high growth potential given the many new applications that NAND flash is used for."
Specifically regarding the acquisition of Elpida, Wong considers the acquisition price
and terms of payment for Elpida to be favorable to Micron.
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 $6.31 yesterday, with a 52 week range of $3.97-$9.16.
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