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Fly News Breaks for June 26, 2015
MU
Jun 26, 2015 | 07:36 EDT
UBS lowered its price target on Micron Technology to $27 from $35 following its Q3 results. The firm noted a shortfall in both sales and margins and flat demand in DRAM. UBS said the strategy of focusing on more sustainable Mobile and Server DRAM has yet to reach critical mass and maintained its Buy rating on Micron shares.
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