UBS believes that Micron Technology fundamentals are at an inflection point and recommends buying the shares at current levels. The firm expects Q3 results and guidance can be better than feared and sees an earnings recovery, mostly influenced by smartphone fundamentals given significantly higher DRAM content. UBS maintained its $35 price target on Micron shares.
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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