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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (83553)	6/26/2019 7:32:03 PM
From: Sam	Respond to of 95579

Micron stock gains after UBS upgrade By Emily Bary Published: June 26, 2018 12:58 p.m. ET Shares of Micron Technology Inc. MU, -0.38% are up 1.7% in Tuesday trading after UBS analyst Timothy Arcuri upgraded the stock to neutral from sell. "Major producers are taking a more anticipatory approach to DRAM [dynamic random-access memory] bit supply - averting the downside case that we laid out when launching Micron" with a sell rating in April, Arcuri wrote. "While we maintain fairly draconian views on NAND pricing and 2H recovery seems unlikely, these dynamics force us to reconsider the downside case for MU especially considering our long-term bullish demand view." He thinks that Micron could face some gross-margin pressure next year, as the company's cost-reduction efforts slow, but Arcuri predicts that the company's "more proactive approach to capacity" can limit how much the company's margins may fall. Arcuri raised his price target to $60 from $42. Micron shares are up 66% over the past 12 months, while the PHLX Semiconductor Index SOX, +3.21% has gained 24% and the S&P 500 SPX, -0.12% has risen 12%. marketwatch.com