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Fly News Breaks for May 20, 2019
MU
May 20, 2019 | 07:11 EDT
Deutsche Bank analyst Sidney Ho lowered his price target for Micron Technology to $45 from $48 after hosting a week of investor meetings with management. While there are some signs that support a second half of the year demand recovery, driven primarily by the end of inventory depletion, there are also uncertainties in terms of the macro environment, especially as it relates to the U.S.-China trade tension, Ho tells investors in a research note. He keeps a Buy rating on Micron despite the reduced price target.