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Fly News Breaks for September 18, 2018
MU
Sep 18, 2018 | 07:35 EDT
Cowen analyst Karl Ackerman lowered his price target on Micron to $62 from $72 on expectations the company will guide lower for the first time in eight quarters, but he believes that could already be priced into the shares. The analyst noted investor sentiment is "dreadful" heading into results and he sees incremental risk in the second half of the year. Ackerman maintained his Outperform rating on Micron shares.
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