Credit Suisse on Micron Technology, Added Company to 'Focus List'

In a research note released Monday, Credit Suisse transferred shares of Micron Technology

to its “Focus List” Shares of the company have already rallied about five percent and are up 51 percent year-to-date. Credit Suisse added the company to its Focus list, and now, “considers the stock one of its top investment ideas.” The firm continued to say that its positive view is based n the fact that MU 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 skyrocketed an additional 17 per share.