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Nomura Securities Upgrades Micron Technology (MU) to Buy; Sees $2.50-$3.00 in Earnings Power

Go back to Nomura Securities Upgrades Micron Technology (MU) to Buy; Sees $2.50-$3.00 in Earnings Power

Micron (MU) Stock Declines as Hynix Wuxi Set for Full Production; MKM Comments

December 11, 2013 11:57 AM EST

Micron Technology Inc. (Nasdaq: MU) stock decline in early trading on Wednesday following comments from MKM analyst Ada Menaker. After meetings with Hynix Wuxi, Menaker expects increased DRAM production.

"Despite an environment of limited public communication after the September fire, we were able to meet with Hynix Wuxi representatives. Our takeaway is that full production volume with decent yields is on track... More