Micron (MU) Continues Higher; Memory Price Could Improve Into 2014 - Analyst

June 6, 2013 10:32 AM EDT
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Price: $966.78 -0.77%

Rating Summary:
    52 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Stifel Nicolaus today maintained a Buy rating on Micron Technology (NASDAQ: MU) and raised its price target to $16.00 (from $14.00). Analyst Kevin Cassidy increased Q3 and Q4 revenue estimates, citing improve pricing for DRAM and better than anticipated NAND. Cassidy thinks memory prices will improve well into 2014.

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 $12.02 yesterday.


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