MKM Partners analyst Ruben Roy kept his Buy rating and $44 price target on Micron but lowered his FY19 EPS view to $7.01 from $8.14 and his FY20 outlook to $6.05 from $7.91 ahead of its next earnings report next week. The analyst cites demand trends in the server and handset markets remaining "challenged", along with the continued pricing deterioration over the past several months. In spite of his lower average-selling-price assumptions however, Roy recommends that investors with longer term horizon continue to hold Micron, anticipating "solid operating margins and profitability" for the company this year.

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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