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Fly News Breaks for June 28, 2016
MU
Jun 28, 2016 | 06:57 EDT
Barclays analyst Blayne Curtis trimmed Micron estimates due to continued DRAM pricing declines, but notes a recent uptick in spot provides some hope in 2H 2016, at the same time Micron will begin to see benefits from the ramp of both 20nm DRAM and 3D NAND. Further, Curtis said NAND pricing has been slightly better than expected, but said PC demand shows few signs of improvement and next-gen iPhone expectations are underwhelming. The analyst rates Micron an Overweight with a $14 price target.
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