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Micron Rising: Topeka Ups to Buy on Stabilizing DRAM prices, NAND Catch-Up
2015-06-20 12:55:24| Semiconductors - Topix.net
Shares of DRAM and NAND chip maker Micron Technology are up 8 cents at $24.54 after Topeka Capital Markets 's Suji Desilva today raised his rating on the stock to Buy from Hold, raising his price target to $34 from $30, after holding an investor meeting with management. We were encouraged by: 1) likely outsized DRAM cost per bit improvement relative to competitors, 2) steady TLC 3D NAND progress that can drive a demand inflection, and 3) continued commitment to capital returns while maintaining a competitive capex level.
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Category:Electronics and Electrical