Lynx analysts KC Rajkumar and Jahanara Nissar raised the firm’s price target on Micron to $60 from $56, calling their outlook "a contrary call to the Street’s dour view" and telling investors that they would accumulate shares at current levels. Memory fundamentals led semis on the way down and "perhaps memory leads semis on the way up," contend the pair, who said they are "seeing the semblance of demand in the DRAM market" for the first time this year based on their checks.
Published first on TheFly
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