Information Provided By:
Fly News Breaks for December 19, 2019
MU
Dec 19, 2019 | 09:10 EDT
RBC Capital analyst Mitch Steves raised his price target on Micron to $65 and kept his Outperform rating after its "solid" Q1 results along with the commentary from its CEO Sanjay Mehrota that Q2 will mark the "cyclical bottom" for the company's financial performance. The analyst expects Micron's DRAM spot prices to rise going forward, its data center business demand to improve "above seasonal trends", and for memory pricing to trend higher with the likely ramp in 5G smartphone cycle.
News For MU From the Last 2 Days
There are no results for your query MU