Micron price target raised to $15 from $10 at Jefferies Jefferies raised its price target for Micron following the company's Q2 results and keeps a Buy rating on the stock. The firm believes favorable DRAM and NAND prices and the $2 of per share earnings power ex-Elpida is being underappreciated by investors.
News For MU From The Last 14 Days
Check below for free stories on MU the last two weeks.
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.