Citi says Micron (IN) reported sturdy outcomes, however beneath the corporate’s just lately lowered estimates, as low stock of extra NAND and DRAM within the PC and handset finish markets is worse than anticipated. Nevertheless, Citi continues to consider that the DRAM stock correction ought to finish by spring, because it has been occurring for a number of months and DRAM firms are decreasing funding and manufacturing. He lowered estimates however reiterated a Purchase score and $150. price target on Micron.
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