Instinet reiterates Micron Technology at Buy

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Considering DRAM spot pricing a point of over-emphasis among Micron Technology investors and the present setup of shares notably unalike peaks in 2014 (from where shares are currently trading lower by 28%), analyst Romit Shah calculates operating margin estimates of 26% for the May term, indicating according to firm's model (regression 0.82), trade at $32 (2.7x book multiple). Projects May-period EPS guide of $1, a level not similarly recorded since November 2014 ($0.96) when shares were trading in the mid-$30s.

Micron Technology (NASDAQ:MU) $26.21, +1.59%.