Micron: Pacific Crest Cuts Rating On Pc Weakness

Micron Technology shares are trading lower Monday morning after Pacific Crest analyst Monika Garg cut her rating on the stock to Sector Perform from Outperform, citing ongoing concerns about PC demand weakness and soft DRAM pricing. Garg notes that DRAM contract prices are down 21% over the past three months. Garg thinks [...]

Topics:  micron technology   pacific crest   garg   sector perform   outperform   pc   dram   rating   weakness   
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