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Fly News Breaks for June 26, 2015
MU
Jun 26, 2015 | 09:15 EDT
Goldman reiterated its Sell rating on Micron and lowered its price target to $17 from $19 given continued DRAM margin risk and weak free cash flow. The firm sees further headwinds as DDR4 DRAM ASP premium in servers compresses in 2H and from potential 1H 2016 oversupply from higher output and seasonally slower demand.
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