Evercore ISI analyst C.J. Muse raised his price target on Micron to $80 from $60, stating that he thinks the memory market is "absolutely" different now with the DRAM industry consolidated to three players, all of whom are acting rational, and memory has become increasingly critical while the rising complexity has limited the magnitude of new supply. His sense is that Micron will move forward with capital returns "regardless of what we hear from the rating agencies" and predicts the company's analyst day on May 21 should bring more news about planned capital returns starting in FY19. Muse, who thinks Micron can earn $13 or more in EPS in calendar 2019, keeps an Outperform rating on Micron shares.