Micron +1.8% on more bullish NAND/DRAM report

• Cleveland Research sees DRAM pricing getting "incrementally better" while NAND could turn around "sooner than previously expected."
• The firm thinks DRAM and NAND have a more favorable 2020 setup due to "signs of inventory improving, plans for accelerating CSP orders, seasonal demand in H2, and the impact from capex/supply cuts."
• NAND could bottom in the February quarter and DRAM in the May quarter of next year.
• Micron (NASDAQ:MU) shares are up 1.8%.