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Fly News Breaks for September 21, 2018
MU
Sep 21, 2018 | 09:42 EDT
BMO Capital analyst Ambrish Srivastava kept his Market Perform rating and $45 price target on Micron after its Q4 results and worse then expected outlook for Q1, saying the company is "just starting" to head into a "broader memory downturn". The analyst also believes that Micron's gross margins have peaked while citing its discussion around the tariff impact on profitability.
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