Micron (MU) Could See Robust Growth as DRAM Demand Firms
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Goldman Sachs Keeps Neutral Rating on Micron Technology (MU); Analyst Sees Supply Side Risk
October 7, 2014 8:35 AM EDTGoldman Sachs maintained a Neutral rating on Micron Technology (NASDAQ: MU). Comments follow an announcement Samsung plans to invest $14.6 to $14.7 in a new semiconductor fab in South Korea. In the view of analyst Mark Delaney, if DRAM margin remains highs then new supply will come online.
"We believe Samsungs announcement is supportive of our view that if DRAM... More
Micron (MU) Investors 'Misreading' Samsung News - Needham & Company
October 6, 2014 2:06 PM EDTNeedham & Company analyst Rajvindra Gill reiterated a Strong Buy rating and $60 price target on Micron Technology (NASDAQ: MU) with shares down 6% on news Samsung intends to spend 15.6 trillion won ($15BN) on constructing a semiconductor plant in South Korea (in the Gyeonggi province. Construction of the plant will begin in the 1H15 and end in 2017.
Gill said while some investors are interpreting this news as a negative read... More
