Information Provided By:
Fly News Breaks for October 21, 2015
INTC, MU
Oct 21, 2015 | 08:14 EDT
After Micron (MU) dropped in reaction to Intel's (INTC) decision to expand its internal non-volatile memory wafer capacity, Stifel says that Intel and/or Micron need to add significant wafer capacity to meet increased demand created by 3D. The firm keeps a $23 price target and Buy rating on Micron.