Susquehanna Remains Positive on Micron Technology (MU) as Industry Fundamentals Improve

Susquehanna reiterated a Positive rating and $18.00 price target on Micron Technology (NASDAQ: MU) as industry fundamentals continue to improve.

Analyst Mehdi
Hosseini commented, "MU's May Q print and Aug Q guide appears more intimidating than it really is, as we believe MU's fundamentals will recover in lockstep with improving industry fundamentals. Yes, execution is spotty, but our upgrade last week was also based on improving industry fundamentals while possessing a call option on third party involvement. We would use the pull back as an opportunity to accumulate."

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 $13.76 yesterday.

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