KeyBanc analyst Weston Twigg raised his price target for Micron to $58 from $45, while reiterating an Overweight rating on the shares. Barring a recession, the analyst expects memory trends to improve through 2020. Further, Twigg notes that Micron is well positioned to benefit from long-term drivers related to compute and storage, and views DRAM, which accounts for roughly 70% of Micron's revenue, as a likely healthier market than NAND over the long-run due to fewer competitors, high barriers to entry, and supply constraints related to scaling limitations.