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Technology Stocks : Micron Only Forum

MU 284.79

-0.7%

Dec 26 9:30 AM EST

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To: Richard Russell who wrote (29364)	3/4/1998 3:47:00 PM
From: Chas	Read Replies (1) of 53903

Now get this Alert, Stephens is raising his rating on Micron to long term attractive but then says its going to tank to under $30 near term. Heck, anybody can be an analyst with a prediction like that. These guys are amazing, and he indicates buy on weakness but gives really no real reason for his alert. RESEARCH ALERT - Micron (NYSE:MU) Reuters, Wednesday, March 04, 1998 at 10:22 NEW YORK, March 4 (Reuters) - BancAmerica Robertson Stephens analyst Dan Niles on Wednesday raised his rating on Micron Technology Inc to long-term attractive from market perform. -- Recommended purchasing shares on weakness, with long-term target of $45 per share but warned that over the near term, the shares could fall back below $30 per share on pressure from expected earnings warnings by technology companies before the end of the quarter. -- Shares rose 1-3/4 to 35-3/8 in morning activity. Copyright 1998, Reuters News Service

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