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Micron: If a Deal Were to Happen, Look Out For Oversupply, Says Morgan Stanley

2015-07-14 19:01:24| Semiconductors - Topix.net

As I mentioned earlier , Micron Technology has gotten one upgrade this morning based on speculation of a $21-per-share bid by Chinese government-backed chip maker Tsinghua Unigroup. Morgan Stanley 's Joseph Moore raised his rating on the stock to Equal Weight from Underweight, writing that the re-valuation of Micron's potential as a take-out target "puts a floor" under the stock price even though there are still worries about the DRAM market.

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Category:Electronics and Electrical

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