Susquehanna analyst Mehdi Hosseini reduced his 2023 earnings ahead of Micron’s Q2 report which he expects to come in at the low end of its guide range, driven by worse than expected ASP trends. Susquehanna projects its Aug-Q to be the trough, though not certain how to fully dial in the impact of inventory writedowns. Susquehanna maintains its Positive raing and $65 price target on Micron shares.
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