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Fly News Breaks for June 1, 2016
MU
Jun 1, 2016 | 06:37 EDT
Deutsche Bank analyst Sidney Ho says Micron's risk/reward remains favorable despite the recent run in the shares. Ho lowered Micron's estimates citing continued challenges in the PC market but expects the company's margins to rebound in the second half of 2016 amid moderating supply growth. The analyst keeps a Buy rating on the shares with a $16 price target.
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