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Fly News Breaks for January 6, 2020
MU
Jan 6, 2020 | 07:59 EDT
Susquehanna analyst Medhi Hosseini raised his estimates on Micron but remains below consensus as he prefers to be on the conservative side in the early stages of the memory cycle. The analyst said his 2021 estimates remain well above consensus which illustrates the magnitude of upside as the memory supply-demand dynamics change from a "buyer" to "seller" market. Hosseini reiterated his Positive rating and $85 price target on Micron shares.
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