Micron Price Target Lowered Amid Weak PC Demand

By | June 12, 2015

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Micron Technology (MU) got a price target reduction Friday as continued weakness in the PC market is expected to hurt the maker of computer memory chips. Pacific Crest Securities analyst Monika Garg, in a research report, lowered her price target on Micron Technology stock to 32 from 39, noting that lower-than-expected PC demand has hurt PC DRAM pricing in the first half of this year. “We believe DRAM (dynamic random access memory) supply growth Scalper1 News

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