Jefferies Starts Micron Technology (MU) at Buy
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Price: $971.66 +2.30%
Rating Summary:
52 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
52 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies initiates coverage on Micron Technology (NASDAQ: MU) with a Buy. PT $11.00.
The firm comments, "With positive DRAM pricing fundamentals catalyzed by the Elpida bankruptcy, and a strong competitive position in Server DRAM and Enterprise SSD, we think gross margins are likely to move higher. We believe increasing emphasis on system level DRAM/NAND solutions will drive multiple expansion."
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 $8.25 yesterday.
The firm comments, "With positive DRAM pricing fundamentals catalyzed by the Elpida bankruptcy, and a strong competitive position in Server DRAM and Enterprise SSD, we think gross margins are likely to move higher. We believe increasing emphasis on system level DRAM/NAND solutions will drive multiple expansion."
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 $8.25 yesterday.
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