RBC Capital analyst Amit Daryanani nudged his price target on Micron (MU) lower to $69 from $70 after its better than expected Q4 results and below-consensus Q1 guidance. The analyst believes that the company's outlook will prove to be "conservative" and keeps his Outperform rating, saying the headwinds of tariffs, Intel (INTC) CPU shortage, and inventory adjustment should prove temporary. Daryanani further points to Micron's higher expected FY19 capex guidance, adding that he sees the company "positively biased on DRAM supply" and its NAND headwinds impacting only a small part of its overall sales.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here