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Micron Technology (MU) got a price-target cut Tuesday as an analyst sees the chipmaker’s transition to 20-nanometer manufacturing taking longer than expected. RBC Capital Markets analyst Doug Freedman lowered his price target on Micron stock to 40 from 44 in a research report Tuesday, saying the equity research firm had been “overly aggressive in assuming that the 20-nanometer transition would be faster and smoother than expected,” generating Scalper1 News
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