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Fly News Breaks for September 27, 2017
MU
Sep 27, 2017 | 07:04 EDT
Cowen analyst Karl Ackerman noted Micron reported better than expected Q4 earnings and revenues and said many believe the November quarter could represent a near-term earnings peak. The analyst said that could be true, which could stall some of the stock's momentum, but he said the company has an improved tech road map, expanding growth sectors in DRAM, and underappreciated and sustainable free cash flow. Ackerman reiterated his Outperform rating and raised his price target to $43 from $40 on Micron shares.
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