Shares of Micron Respond to RBC Downgrade

Shares of Micron Technology (NASDAQ: MU ) fall 2.12% in pre-market trading following RBC Capital Markets analyst Doug Freedman downgraded the company from Outperform to Sector Perform. Freedman reported that Micron's valuation is “overly discounting risks including softer mobile trends, JV structure (Inotera JV) limiting operating margin expansion, increasing DRAM,