Micron (MU) now higher by 7.7% post-earnings as Jefferies raises its price target to a...


Micron (MU) now higher by 7.7% post-earnings as Jefferies raises its price target to a Street-high $15 from $10, while bumping its 2013 and 2014 EPS estimates to $0.48 (from -$0.20) and $2.57 (from $0.76), respectively. "We believe there is upside to our Street-high estimates." Credit Suisse raises its PT to $14 from $8, highlighting extremely favorable supply dynamics.

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