Credit Suisse Adds Micron Technology To 'Focus List'
In a research note released Monday, Credit Suisse transferred shares of Micron Technology (NASDAQ: MU) to its “Focus List.”
Shares of the company have already rallied over four percent and are up 51 percent year-to-date.
Credit Suisse “considers the stock one of its top investment ideas.”
The firm continued to say that its positive view is based on the fact that Micron has consistently executed its strategy to diversify its revenue stream.
Furthermore, the firm commented on guidance and said that if DRAM as a percentage of GDP were to return to 1994-1995 levels, shares would skyrocket an additional $17 per share.
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