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MU

Micron

$32.07

-0.53 (-1.63%)

08:58
09/06/17
09/06
08:58
09/06/17
08:58

Micron CFO says DRAM pricing environment 'good'

Micron CFO Ernie Maddock says DRAM contract pricing continues to trail spot pricing, that Micron continues to see "very strong" demand from customers and the pricing environment continues to be "good." Maddock is speaking at Citi's Global Technology Conference.

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MU Micron
$32.07

-0.53 (-1.63%)

09/06/17
DBAB
09/06/17
NO CHANGE
Target $37
DBAB
Buy
Micron near-term expectations are rising, says Deutsche Bank
Deutsche Bank analyst Sidney Ho attributes the recent rally in shares of Micron Technology to increasing optimism of another beat and raise when the company reports Q4 on September 24 amid DRAM shortages. More clarity of the sustainability of the current memory cycle beyond the next few quarters will lead to further share appreciation as near-term expectations are rising, Ho tells investors in a pre-earnings research note. The analyst notes that recent fieldwork leave him convinced that the supply-demand balance will remain healthy in 2018. He maintains a Buy rating on Micron with a $37 price target.
09/05/17
MSCO
09/05/17
NO CHANGE
Target $36
MSCO
Overweight
Morgan Stanley still sees Micron upside in next 6 months
Morgan Stanley analyst Joseph Moore said that while the intensity of NAND shortages has been alleviated recently, the market is still tight and DRAM continues to tighten. The analyst, who continues to see upside for Micron in the next 6 months, keeps an Overweight rating and $36 price target on the stock.
08/29/17
JPMS
08/29/17
NO CHANGE
Target $40
JPMS
Overweight
Micron FY18 estimate raised to $7.02 from $6.28 at JPMorgan
JPMorgan analyst Harlan Sur says his firm's Asia team last week issued their fourth consecutive positive global memory model revision with new estimates reflecting upside for DRAM and NAND pricing through Q1 of 2018. Sur expects supply of memory components to remain tight at least for the next few quarters and believes Micron can drive margins higher in FY18 on continued cost reductions. The analyst boosted his FY18 earnings estimate to $7.02 from $6.28 and keeps an Overweight rating on Mircon with a $40 price target.
08/23/17
BARD
08/23/17
NO CHANGE
Target $48
BARD
Outperform
DRAM pricing tracking ahead of expectations, says Baird
Baird analyst Tristan Gerra said Q3 DRAM pricing is stronger than previously expected. He said the strength is being driven by growth in notebooks along with continued double digit content increases in data centers. Lower inventory levels should drive continued demand momentum in Q4 and Q1, which is above his previous expectations. Gerra reiterated his Outperform rating and $48 price target on Micron shares.

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