Micron slips even as Citi opens up positive 90-day catalyst watch
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Micron Technology (NASDAQ:MU) shares slipped fractionally in pre-market trading on Thursday even as investment firm Citi opened up an upside 90-day catalyst watch.
"We are launching a positive catalyst watch based on a higher multiple given our expectation that DRAM pricing will inflect this quarter," analyst Christopher Danely wrote in an investor note. Danely has a buy rating on Micron (MU) and raised his price target to $85 from $75.

In a separate note on Thursday, Danely reiterated that Micron (MU) is the firm's top pick in the semiconductor sector.
The Boise, Idaho-based Micron (MU) raised the price of NAND flash wafer contracts by roughly 10% this month, according to TF International Securities analyst Ming-Chi Kuo, after Samsung (OTCPK:SSNLF), its largest competitor in the memory market, did the same last month.


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