As previously reported, Cleveland Research upgraded Micron to Buy from Neutral. Analyst Kevin Rottinghaus said Micron's execution has improved and progress in DRAM and NAND fundamentals over the past 2-3 months is sustainable into 2017. He sees several catalysts over the next 12 months including DRAM demand outpacing bit supply growth for CY17, improved DRAM demand outlook for computing, data center, and mobile, improving execution at 20nm, Micron appearing to be second to market with 3D SSD solutions, and NAND expected to be in tight supply through 2017. Rottinghaus expects additional material positive estimate revisions over the next 6+ months.

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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