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Fly News Breaks for June 26, 2015
MU
Jun 26, 2015 | 07:16 EDT
Jefferies recommends buying shares of Micron aggressively after the company's revenue guidance missed expectations. The firm still expects DRAM under-supply in the second half of 2015, but notes the timing of DRAM price stabilization may be delayed to the November quarter from the August quarter. It lowered its price target for Micron to $36 from $40 and keeps a Buy rating on the name.
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