Morgan Stanley analyst Joseph Moore upgraded Micron to Overweight from Equal Weight and increased his price target on shares to $18 from $16. Moore remains cautious on near-term fundamentals but believes sentiment and valuation are close to a bottom, creating a compelling entry point. Industry structural improvements and the high strategic value of Micron's memory assets should put a floor on shares, the analyst wrote. Moore said 2015 DRAM declines were worse than expected, but recent 2016 indicators have been better and he sees a better balance of supply and demand in 2016.

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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