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Fly News Breaks for January 16, 2020
MU
Jan 16, 2020 | 05:14 EDT
Mizuho analyst Vijay Rakesh raised his price target for Micron Technology to $65 from $61 and keeps a Buy rating on the shares. The analyst believes 2020 sets up well for the company, with improving sales and gross margins as DRAM and NAND supply/demand moves into balance, with potential undersupply into the second half of the year. Micron should see improving DRAM pricing trends through 2020, Rakesh tells investors in a research note.
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