Micron (MU) Continues Higher; Memory Price Could Improve Into 2014 - Analyst

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Wells Fargo Downgrades Micron Technology (MU) to Market Perform on Valuation

June 10, 2013 6:51 AM EDT

Wells Fargo downgraded Micron Technology (NASDAQ: MU) from Outperform to Market Perform but raised its valuation range to $11.00 to $13.00 from $10.00 to $12.00, citing valuation. The downgrade comes ahead of quarter earnings on Wednesday, June 19.

"Even with our higher valuation range, the appreciation... More