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Baird Is No Longer Bullish On Micron, Here's Why

2015-08-21 19:38:42| Semiconductors - Topix.net

In a report issued Friday, Baird analysts Tristan Gerra and Jaime A. Viteri downgraded shares of Micron Technology, Inc. to Neutral, while trimming their price target from $36 to $15. They anticipate blended DRAM pricing could tumble by more than 20 percent by the beginning of next year, "down to fully loaded costs before capacity cuts take place."

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