Avery Schumer
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Avery Schumer in Sector Report,

This Analyst Isn't Flinching At Micron

Micron Technology, Inc. shares are down 53 percent year-to-date, and are trading significantly below their 52-week high of $36.59.

Cowen & Co’s Timothy Arcuri maintained an Outperform rating on the company, with a price target of $24.

Structural improvements in DRAM are likely to become apparent next year, while there is upside in 3D NAND for Micron, Arcuri said.