DOW JONES25,766.64-1190.95 -4.42%
S&P 5002,978.76-137.63 -4.42%
NASDAQ8,566.48-414.30 -4.61%

UPDATE: Raymond James Upgrades Micron Technology to Strong Buy, Announces $70 Price Target Notes 4 Reasons:

1. Product cycles and content likely to drive 2H demand growth 2. Inventory approaching normalized levels 3. Pricing is beginning to stabilize 4. Limited memory capex will keep a lid on supply growth

Benzinga · 02/06/2020 15:38

1. Product cycles and content likely to drive 2H demand growth

2. Inventory approaching normalized levels

3. Pricing is beginning to stabilize

4. Limited memory capex will keep a lid on supply growth