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Benzinga
Benzinga
Business
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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