Fly News Breaks for April 16, 2019
Apr 16, 2019 | 05:06 EDT
Nomura Instinet analyst David Wong started Micron Technology with a Neutral rating and $45 price target. The analyst expects continuing pressure on memory profitability through 2019 as the semiconductor industry works through the downturn that began in late 2018. However, he sees Micron's margins bottoming in the August quarter and thinks structural improvements in the memory industry should allow the company to maintain profitability levels going forward that are similar to what we have seen in the last four years.
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