After spending two days meeting investors with Micron Technology’s new CFO David Zinsner and Head of Investor Relations Shanye Hudson, Nomura Instinet analyst Romit Shah maintains a Buy rating on the shares with a $100 price target. The stock closed yesterday down $3.55 to $49.84 after UBS initiated the shares with a Sell rating. Shah says he left the meetings with “several positive takeaways.” The analyst does not anticipate a “massive step-up” in capital expenditures next fiscal year. Further, management did not seem concerned that NAND selling price declines in the February period would persist, Shah tells investors in a research note. He adds that Micron continues to expect DRAM suppliers to be rational about capacity expansion in an effort to sustain high margins and cash flow.