Cowen Initiates Micron Technology With Outperform

Cowen & Company initiated coverage on Micron Technology, Inc. MU with a Outperform rating. The target price for Micron Technology is set to $34. Micron Technology shares have dropped 21.72 percent over the past 52 weeks, while the S&P 500 index has gained 7.51 percent in the same period. Micron Technology shares closed at $24.47 on Friday.