Why Micron Technology (MU) Is Gaining Today

NEW YORK (TheStreet) -- Micron Technology (MU) was gaining 0.6%to $24.08 Tuesday following a positive note from Wedbush.

In a note to investors Wedbush said a reduction in DRAM production at Micron's Hiroshima as a result of an earthquake on March 13 could be a near-term positive. The firm believes analysts' estimate for the company's second quarter are too high, and that volatility in the stock could make for attractive entry points for long-term investors.

Wedbush maintained its $27 price target and "outperform" rating for Micron.

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TheStreet Ratings team rates MICRON TECHNOLOGY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICRON TECHNOLOGY INC (MU) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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