JPMorgan analyst Harlan Sur lowered his price target for Micron shares to $15 saying the company reported "mixed" Q1 results and "muted" Q2 guidance on continued pricing weakness. He keeps an Overweight rating on the shares, however, saying the May quarter looks like the bottom. Memory fundamentals are close to trough levels, the analyst proclaims.
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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