Bank of America maintains buy rating on Micron Technology
MU Micron Technology Inc
$811.30 +11.89%
View chart & analysis → - 1Bank of America maintained its buy rating on Micron based on its memory supply contracts, manufacturing technology, and product roadmap.
- 2Micron has set a target to have 50% of its total revenue covered by supply contracts by 2030.
- 3Micron plans to increase share buybacks using free cash flow starting December 9.
So what's the key point?
Bank of America recommended buying Micron stock based on its technology and contracts. Micron plans to cover half of its revenue through contracts and increase shareholder value by buying back its own shares.
Source InvestorsHub +1 · View original ↗
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