Micron slips after Goldman downgrade

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

Goldman downgraded the chipmaker to Neutral from Buy, saying the catalysts it had anticipated with its original rating have now materialized and are built into the stock's price.

Among them: improved prices for memory chips and bigger profit margins.

The firm also lowered its price target on the stock to $30 (from $32).

MU -2.7% premarket

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