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Fly News Breaks for September 27, 2017
MU
Sep 27, 2017 | 06:49 EDT
Needham analyst Rajvindra S. Gill raised his price target on Micron after the company reported stronger than expected Q4 results. The analyst says that the stock is trading "at a trough multiple" but should be trading "at a market multiple," based on its "ongoing earnings growth." He does not believe that the flash memory cycle has peaked and keeps a Buy rating on the shares.
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