
Bernstein told Micron that it would benefit greatly if the oversupply problem in computer chips was resolved later this year.
According to CNBC on the 16th, Bernstein downgraded Microns investment rating from below the market rate to above the market rate.
Analyst Mark Lee Bernstein, macroscopically, said that concerns are driving sell-offs, but that even a prolonged correction in the memory market will not change the fundamental structure.
Bernstein raised the price target for Micron from $58 to $94.