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Fly News Breaks for June 18, 2018
MU
Jun 18, 2018 | 06:47 EDT
JPMorgan analyst Harlan Sur remains positive on Micron Technology heading into the company's fiscal Q3 earnings report this week following. The analyst notes that Friday marked the seventh consecutive positive revision to JPMorgan's near/mid-term global memory model. The analyst views the model as a good leading indicator for financial and stock performance. Sur anticipates Mircon driving "strong" free cash flow generation over the next few years. He keeps an Overweight rating on the shares with an $82 price target.
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