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Fly News Breaks for March 24, 2017
MU
Mar 24, 2017 | 07:22 EDT
Loop Capital analyst Betsy Van Hees said Micron's Q2 results and "blow out guidance" for the new quarter show how the company is benefiting from the "sweet spot of the memory cycle" driving considerable operating leverage. The analyst, who sees no change on the horizon to Micron's favorable memory supply/demand dynamics, raised her price target on the stock to $35 from $30 and keeps a Buy rating on the shares.
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