After JMP Securities reported that China;s Tsinghua had made a $21 per share bid to buy Micron, JMP Securities says the deal would be logical, as it would allow the Chinese company to access leading edge process technology, allow it to deliver more complete system solutions, and enable it to enter 3D NAND. Given the takeover speculation and what JMP Securities sees as a number of other positive catalysts for Micron, including the launch of Windows 10 and potentially lessening Chinese and European pressures, the firm recommends aggressively buying Micron;s stock. It reiterates a $33 price target and Outperform rating on Micron.

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

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