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Fly News Breaks for July 19, 2017
MU
Jul 19, 2017 | 06:40 EDT
DRAM spot pricing continues to climb and has now bounced 12% in the past two months, taking it back above contract, Citi analyst Christopher Danely tells investors in a research note. The analyst views "strong" DRAM pricing as good for Micron and notes his 2018 earnings estimates are 14% above consensus. If prices continue to rise, the estimates could have upside, the analyst adds. He reiterates a Buy rating on Micron with a $45 price target.
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