S&P Raising Rating On Micron (MU)

S&P is raising its rating on Micron

to B+ from B, S&P said today. In a statement, S&P said, "The rating on Micron reflects our expectation that the memory industry will remain highly volatile and that the company's market presence in DRAM and NAND will remain largely unchanged over time despite significant capital spending to increase capacity in both segments." Shares of MU are down 8 cents to $7.83, a loss of 1%.