Baird Reiterates Outperform on Micron Technology (MU)

Baird reiterated an Outperform rating and $100.00 price target on Micron Technology (NASDAQ: MU) following a recent Asia trip. The trip highlights an incrementally positive outlook on second-half DRAM trends, along with continued price declines in NAND flash.

Baird now expects DRAM supply/demand to remain tight through the rest of this year, with 2-3% sequential price increases in each of C3Q and C4Q. Baird also models a sequential NAND pricing decline for 3Q similar to 2Q.

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 $59.18 yesterday.

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