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Fly News Breaks for May 22, 2018
MU
May 22, 2018 | 09:19 EDT
After Micron hosted "one of its best investor days," Rosenblatt analyst Hans Mosesmann raised his price target on the stock to $115 from $100, stating that the event cemented the case for the structural change in the memory/storage industry. While the industry is "clearly" entering a new era of prolonged memory cycles, Micron's execution is reducing the competitive gap, stated Mosesmann, who keeps a Buy rating on the stock.
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