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.
Now read: Micron: Shorts Are Fleeing »
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