UBS has decided to maintain its Buy rating of Micron Technology MU and lower its price target from $80.00 to $75.00.
Shares of Micron Technology are trading up 2.28% over the last 24 hours, at $49.99 per share.
A move to $75.00 would account for a 50.02% increase from the current share price.
About Micron Technology
Micron historically focused on designing and manufacturing DRAM for PCs. The firm then expanded into the NAND flash memory market. It increased its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016). The firm's DRAM and NAND products tailored to PCs, data centers, smartphones, game consoles, automotives, and other computing devices.
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