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Fly News Breaks for May 22, 2018
MU
May 22, 2018 | 09:06 EDT
Stifel analyst Kevin Cassidy said Micron's analyst day delivered a "clear message" that the company's end markets and execution to its strategy are "very healthy." He also believes management addressed investors' concerns over capacity and highlighted structural cost reductions that have been made in recent years. Cassidy, who expects the market will "eventually believe" that the memory market has transformed, keeps a Buy rating on Micron and increased his price target on the stock to $106 from $101 following the event.
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