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Anusuya Lahiri

Here's Why Citi Is Bullish On This Chipmaker

Citi MU Christopher Danely Micron Technology Inc

Citi analyst Christopher Danely reiterated the Buy rating and $120 price target on Micron Technology Inc (NASDAQ:MU). The price target implies an upside of 39%.
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.
Price Action: MU shares traded lower by 1.4% at $86.09 on the last check Thursday.

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