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Fly News Breaks for April 16, 2018
MU
Apr 16, 2018 | 08:22 EDT
KeyBanc analyst Weston Twigg says his updated DRAM supply model projects 21% bit growth in 2019. On a quarterly basis, the analyst expects bit growth to peak in Q1 2019, prompting moderate price declines, but overall, he believes it will be difficult for suppliers to keep up with demand through 2019. Twigg views the dynamic as healthy, and reiterates an Overweight rating and $72 price target on Micron's shares.
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