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Fly News Breaks for March 21, 2019
MU
Mar 21, 2019 | 07:26 EDT
Morgan Stanley analyst Joseph Moore said he thinks that Micron is executing well in a tough environment, though he remains "cynical" about a second half recovery, which he views as the main focus of debate about the stock. Moore said he likes the "controversial" choice to reduce production starts, but he sees memory as "nowhere near a market clearing price." Moore keeps an Equal Weight rating on Micron shares and lowered his price target on the stock to $32 from $33.
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