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Goldman Sachs upgraded Micron (NASDAQ:MU) from Neutral to Buy in a report released today.

Yesterday Micron (NASDAQ:MU) traded 0.90% higher at $34.29. MU’s 50-day average is $30.16 and its two hundred day average is $29.08. With the last close up 18.99% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Volume of trade was down over the average, with 14,253,534 shares of MU changing hands under the typical 28,506,500

Goldman Sachs has upgraded Micron (NASDAQ:MU) from Neutral to Buy in a report released on 9/13/2017.

Previously on 9/11/2017, FBN Securities reported on Micron (NASDAQ:MU) increased the target price from $0.00 to $45.00. At the time, this indicated a possible upside of 0.39%.

Performance Chart

Micron (NASDAQ:MU)

With a total market value of $0, Micron has price-earnings ratio of 15.20 with a one year low of $16.17 and a one year high of $34.80 .

A total of 23 analysts have released a report on Micron. Six analysts rating the company a strong buy, eleven analysts rating the company a buy, nine analysts rating the company a hold, four analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $15.00.

More About Micron (NASDAQ:MU)

Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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