In a pre-earnings research note titled "Keep Your Composure," Nomura Instinet analyst Romit Shah says he remains positive on Micron Technology into tonight's earnings print despite the recent selloff in memory-related names. While sentiment appears "less constructive," Micron should guide modestly above consensus for the August quarter, Shah contends. The analyst adds that a $10B buyback "should provide strong support for the stock." He keeps a Buy rating on Micron with a $100 price target.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here