Bernstein Research Believes DRAM Will Keep Recovering Following Micron Technology's Acquisition of Elpida

In a report published Tuesday, Bernstein Research analyst Mark C. Newman reiterated an Outperform rating and $24.00 price target on Micron Technology (NASDAQ: MU ). In the report, Bernstein Research noted, “We rate Micron Outperform with a target price of $24.0. We believe that DRAM should keep recovering in 2013