) from Not Rated to Hold, is providing some color on the stock. “Our fair value for Micron is $11 and is based on a P/BV of 1.1-1.2x one-year forward book value,” Montrose Securities writes. “MU's May quarter should be above consensus. We estimate EPS of $0.19 vs consensus of $0.15. Price declines were less than earlier expected as industry participants stocked up ahead of feared shortages because of the Japanese disasters.” Micron Technology closed Tuesday at $8.14.