Micron Technology (MU): Cost Synergies Could Drive Upside - Susquehanna

Susquehanna analyst, Mehdi Hosseini, reiterated his Positive rating on shares of Micron Technology (NASDAQ: MU) and raised his price target to $24 based on encouraging DRAM and NAND checks.

He argues that MU can deliver annual peak EPS of $2.50. Upside is possible if the company can execute on the cost front, including synergies associated with the Inotera integration.

The new $24 PT is up from $23.

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $20.29 yesterday.

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