Micron +4% as bull sees support

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

Micron (NASDAQ:MU) gains as Deutsche Bank analyst analyst Sidney Ho writes that shares should find a support near the current levels and possibly rally as the business improves.

Ho says the Q4 DRAM price action suggests a trough, and he thinks the Japan-Korea trade issues are unlikely to have a meaningful impact on supplies.

Deutsche has a Buy rating and $55 price target on Micron. The company has an Outperform average Sell Side rating.

MU shares are up 4.4% to $46.98.

Subscribe for full text news in your inbox