Micron price target raised to $70 from $66 at TD Cowen

TD Cowen analyst Krish Sankar raised the firm’s price target on Micron to $70 from $66 and keeps an Outperform rating on the shares. The analyst said despite the noise surrounding one-time charges, results were largely in line with expectations. Further production cuts are positive for the memory industry; and Micron seems to be leading in cuts.