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Fly News Breaks for August 23, 2017
MU
Aug 23, 2017 | 08:31 EDT
Baird analyst Tristan Gerra said Q3 DRAM pricing is stronger than previously expected. He said the strength is being driven by growth in notebooks along with continued double digit content increases in data centers. Lower inventory levels should drive continued demand momentum in Q4 and Q1, which is above his previous expectations. Gerra reiterated his Outperform rating and $48 price target on Micron shares.
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