NEW YORK (TheStreet) -- Micron Technology (MU) shares are down -2.2% to $32.35 on Wednesday after a Morgan Stanley (MS) note suggested that Samsung (SSNLF) was raising its DRAM output to 100,000 wafers per month.
Samsung is already the market leader with a 35.5% market share compared to Micron's 28% market share. However, analysts at Sterne Agee dont believe that Samsung is increasing its output and reiterated its Micron Technology "buy" rating and $40 price target.
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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 some important positives, 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: