Micron Technology, Inc. shares are down 53 percent year-to-date, and are trading significantly below their 52-week high of $36.59. Cowen & Co’s Timothy Arcuri maintained an Outperform rating on the company, with a price target of $24. Structural improvements in DRAM are likely to become apparent next year, while there is upside in 3D NAND for Micron, Arcuri said.