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Fly News Breaks for September 9, 2016
MU
Sep 9, 2016 | 07:42 EDT
UBS analyst Stephen Chin raised his price target on Micron to $20 from $17 following the company's positive preannouncement that quarterly sales and gross margins will be at or near the high-end of their guidance. The analyst also cited the company's positive commentary on improving business conditions. Chin reiterated his Buy rating on Micron shares.