They identified and arrested Raheem Tyler

We maintain our Neutral rating and key risks relate to memory supply/demand, M margins, and XPoint.And then here’s the opening of their September report:We upgrade MU to Buy from Neutral and see 20% upside (from the 9/11/17 close, vs. Our coverage median of 6%) to our new 12 month price target of $40. While we believe it could be the mid to later stages of the memory upturn and note memory fundamentals can change quickly, our industry discussions suggest 4QCY17 DRAM pricing could rise (with NAND flat to up) and the DRAM cycle could remain tight in 2018.

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