Needham analyst Rajvindra Gill upgraded Micron to Buy from Hold with a $50 price target following caution since the beginning of the year. In a research note to investors, Gill says that with an improved DRAM outlook for the second half of 2019, significant CapEx cuts coming in fiscal 2020, and a stabilizing book value per share of $31.89, he believes believe there is limited downside risk over the next 6-12 months.
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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