Information Provided By: 
Fly News Breaks for July 1, 2016
MU
Jul 1, 2016 | 07:14 EDT
JPMorgan analyst Harlan Sur believes improved industry fundamentals should be enough to support shares of Mircon despite the company's weaker than expected guidance. Improving supply/demand fundamentals and recent increasing PC memory spot pricing has yet to be reflected in contract pricing, which resulted in the weaker than expected outlook, Sur tells investors in a post-earnings research note. He continues to see upside in the stock to the $15 range and keeps an Overweight rating on Micron.
News For MU From the Last 2 Days
