Macaqurie analyst Deepon Nag said DRAM pricing has stabilized in the past couple of weeks as PC builds have finally picked up up and Apple (AAPL) has procured more memory. Further, the firm's quantitative analysis indicates Micron is currently pricing in excess returns due to increased levels of uncertainty, providing increased confidence that potential upside outweighs downside risk. Nag trimmed Micron estimates but reiterates his Outperform rating and $30 price target on 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