As reported earlier, Needham analyst Rajvindra S. Gill upgraded Micron to Strong Buy from Buy with a $76 price target, citing the company's increased Q2 revenue guidance and CFO transition. Gill says he remains positive on the memory cycle, with room to expand NAND gross margins "despite a declining price environment". The analyst adds that the excess NAND supply in the market will be absorbed by demand for client and data center SSDs.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here