Standard & Poor's Ratings Services on Monday upgraded its outlook on Micron Technology Inc. Micron Technology Inc. trades on the “NASDAQ” under the stock symbol “MU”. For More information regarding “MU”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Standard & Poor's Ratings Services on Monday upgraded its outlook on Micron Technology Inc. (NASDAQ:MU) citing signs that the memory industry is "well into a cyclical upswing." The upgrade helped send Micron Tech. shares up 38 cents, or 3.8 percent. They closed at $10.33.
Standard & Poor's said Micron Techs. operating trends are "recovering sharply" and the company has a healthy free cash flow. It said Micron techs. operating trends have been positive for 4 consecutive quarters. The outlook was revised from negative to positive, and the rating on some of Micron Techs. debt was affirmed.
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