Citi becomes the latest sell-side firm to sing Micron's (MU +4.9%) praises ahead of Wednesday's...

Citi becomes the latest sell-side firm to sing Micron's (MU +4.9%) praises ahead of Wednesday's FQ3 report: the firm has lifted its PT to $19 from $13.50, and sees the Elpida deal adding $0.88 to annual EPS. Sterne Agee, Jefferies, RBC, and Stifel have already offered bullish takes on Micron this month, generally on account of strong DRAM and NAND flash pricing. Sterne and RBC also argued Micron could produce $2/share or more in EPS post-Elpida. Both Micron and NAND rival SanDisk (SNDK +4.3%) are making fresh 52-week highs.