JP Morgan Comments on Micron Technology

J.P. Morgan has published a research report on Micron Technology MU. In the report, J.P. Morgan wrote, "Micron held its Analyst Day yesterday and we believe the company is in the midst of a technology and product portfolio expansion to exploit growth areas like smart phones, tablets, enterprise, and solid state drives." J.P. Morgan rated Micron Technology a Neutral with a price target of $8.50. Micron Technology closed Wednesday at $5.30.