NEW YORK (TheStreet) -- Shares ofaMicron Technologya rose to a 52-week high of $34.85 on Monday after analysts were bullish on the stock following the semiconductor company's fourth-quarter earnings report late last week. Micron expectsasales growth ofaits dynamic random-access memory (DRAM) chips to increase in the low single digits, far greater than analysts' expectations of a 5% to 10% decline. The forecast led to bullish reports from multiple analysts. Deutsche Bankareiterated its "buy" rating and $40 price target and noted "limited industry supply growth is driving less price volatility." Profit margins in the segment rose slightly in the quarter and Deutsche expectsathey could widen further in the future. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Jefferies noted "bears have consistently worried about falling DRAM prices," but the firm believes a "permanent change" is coming in the industryathanks to consolidation and slowing technological progress. The stock was up 1.73% to $34.42 at 11:44 a.m. Separately, TheStreet Ratings team rates MICRON TECHNOLOGY INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate MICRON TECHNOLOGY INC (MU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income." You can view the full analysis from the report here: MU Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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