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Fly News Breaks for March 21, 2019
MU
Mar 21, 2019 | 07:18 EDT
KeyBanc analyst Weston Twigg raised his price target for Micron to $49 from $45 on longer-term opportunity. The analyst notes that the company reported Q2 results slightly above consensus and soft Q3 guidance amid continued weak demand for memory. Micron is managing through this soft period well and long-term drivers should become significant tailwinds in 2020 and beyond, he contends. Twigg reiterates an Overweight rating on the shares.
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