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Fly News Breaks for January 15, 2019
MU
Jan 15, 2019 | 07:40 EDT
After meeting with Micron's management, Wells Fargo analyst Aaron Rakers says that while the severity of the current down-cycle remains the key focus, Micron continues to execute on DRAM costs down ahead of the industry trend in the high-single digit year over year range. Further, the analyst thinks investors are underappreciating the company's positioning to gain share in mobile. Rakers reiterates an Outperform rating and $50 price target on the shares.
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