Fly News Breaks for April 21, 2015
LRCX, MU
Apr 21, 2015 | 07:11 EDT
RBC Capital says that Lam Research's (LRCX) beat and raise results do not increase its concern about oversupply in the memory market. RBC believes that the results indicate a market share shift, not an increase in aggregate DRAM spending. RBC says that DRAM prices are stable, and it keeps an Outperform rating on Micron (MU).
News For MU;LRCX From the Last 2 Days
MU
Mar 18, 2024 | 05:55 EDT
Barclays analyst Tom O'Malley raised the firm's price target on Micron Technology to $120 from $95 and keeps an Overweight rating on the shares. The analyst sees "another strong beat and raise" quarter from MU, largely on the back of better DRAM pricing from high bandwidth energy. The firm increased 2024 and 2025 estimates for Micron, believing weaker NAND demand will be offset by continued production discipline.