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Fly News Breaks for September 20, 2017
Sep 20, 2017 | 05:37 EDT
Ahead of next week's results, Deutsche Bank analyst Sidney Ho raised his estimates for Micron to reflect a better than expected pricing environment in the second half of 2017. Investors continue to underestimate the staying power of the current cycle, especially for DRAM, Ho tells investors in a research note. He raised his price target for Micron shares to $42 and keeps a Buy rating on the name.
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