Micron Analysts Cautious About DRAM Chips Ahead of Results
Photographer: Tomohiro Ohsumi/Bloomberg
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Micron Technology Inc. analysts continued to be cautious about the impact that pricing weakness for the company’s DRAM memory chips would have on its earnings, with BofAML cutting its expectations for the next three years and Cross Research downgrading the stock to hold. The moves come just days before the company’s next quarterly report.
Shares rose 2.0 percent, although this comes after a two-day decline.