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Cowen raises Micron price target, expects earnings beats

Jun. 26, 2017 7:58 AM ETMicron Technology, Inc. (MU) StockMUBy: Brandy Betz, SA News Editor102 Comments
  • Cowen raises Micron Technology’s (NASDAQ:MU) price target from $34 to $38 and reiterates Outperform rating moving into Q3 with optimism for Q4.
  • Analyst Timothy Arcuri expects the company to achieve another “beat and raise” and thinks that the consensus estimates have EPS up to $0.10 too low for Q4. 
  • Arcuri cites the sustainable growth of the DRAM S/D side of the business and thinks the Street has undervalued the NAND business. 
  • Source: StreetInsider  
  • Micron shares are up 2.11% premarket.

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