Stronger Memory Chip Market Boosts Micron Earnings

By | January 8, 2014

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Micron (MU) stock rose Wednesday after the memory chipmaker late Tuesday posted quarterly results that beat expectations and said its market conditions remain favorable. Micron stock was up nearly 10%, near 24, in midday trading in the stock market today. Credit Suisse on Wednesday raised its price target on Micron stock to 30 from 25 and reiterated its outperform, or buy, rating. Micron late Tuesday said revenue for its fiscal Q1 ended Nov. 28 Scalper1 News

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