MU (Micron) 06/02/20

• Further upside. supported by 55 EMA.
• Earning boosted.
• Raymond James upgrades Micron (NASDAQ:MU) Market Perform to Strong Buy with a $70 price target.
• Analyst Chris Caso thinks supply/demand conditions are "highly likely to improve further as the year progresses" and that inventory levels are "approaching normalized levels."
• Caso sees a number of growth catalysts ahead that could drive "significantly improved demand" in H2.
• Micron shares are up 2.4% pre-market to $58.13. The company has a Bullish average Sell Side rating.

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