Micron to supply fewer memory chips in 2023, plans fresh capex cuts

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Micron (MU) Continues to Demonstrate Spending Discipline - BMO Capital

November 16, 2022 10:57 AM EST

BMO Capital analyst Ambrish Srivastava reiterated an Outperform rating and $70.00 price target on Micron Technology (NASDAQ: MU) following the latest cuts. The analyst highlighted that the company continues to proactively demonstrate spending discipline.

The analyst commented, "Today, before market open, Micron released... More