Cowen Starts Micron Technology (MU) at Outperform

Cowen initiates coverage on Micron Technology (NASDAQ: MU) with a Outperform rating and a price target of $34.00.

Analyst Timothy Arcuri commented, "While NT risk around PCs remains high, MU is still in very early innings of a multi-year transformation with respect to execution, partnerships, and market dynamics. We see more upside, sustainability, and optionality to margins vs most peers - certainly in memory - yet stock still carries big discount."

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 $24.47 yesterday.

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