Micron price target raised to $10.50 from $7.50 at CLSA CLSA raised Micron estimates ahead of the quarterly report based on improving DRAM prices and margins, solid NAND, and continued supplier discipline. Shares are Outperform rated.
News For MU From The Last 14 Days
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Court decision should hasten Micron takeover of Elpida, says Sterne Agee Sterne Agee believes that a decision by a Japanese court dismissing appeals from the two unsecured creditors to the Elpida consolidation process should enable Micron to close its Elpida acquisition much more quickly than some had feared. The firm views this development as very positive for Micron and keeps a Buy rating on the stock.
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