Citi analyst Christopher Danely reiterated the Buy rating and $120 price target on Micron Technology Inc. The price target implies an upside of 39 percent.
Danely noted that dynamic random access memory pricing could be higher in the second half of the year.
Danely added that PC demand remains “solid,” though some data center customers have held off on ordering DRAM due to “healthy levels” of inventory.
By Anusuya Lahiri
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