There’s an analyst fight going on in Micron Technology right now.
Cramer had recommended the stock a couple of weeks ago, saying Micron was making a smart switch away from its commodity DRAM memory product and into the hot-right-now Flash memory. The move has generated moneymaking deals like that with Apple , which uses Flash in its iPads and iPhones. In just that short time since Cramer gave the nod, MU is up 17 percent.
There are analysts who agree with him, like those from Stern Agee and UBS who upgraded Micron. But just yesterday their counterpart at Avian downgraded the stock, citing concerns that the weight of that lagging DRAM business would be so great the Flash profits wouldn’t matter.
Who’s right? Cramer went deep into the company’s business, and the analysts’ opinions, to find the answer. Watch the video for his full report.
When this story published, Cramer's charitable trust owned Apple.
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