Micron (NASDAQ:MU) One of Top Tech Picks of Wedbush for 2011

Wedbush's takeaway from a recent meeting with Micron Technology (NASDAQ:MU) is that they remain of their top picks in the Tech segment, with the DRAM market appearing stronger and their full year 2011 FCF looks like it'll be positive.

As important was "Intel's decision to not fund the next round of IMFS CapEx is a significant positive bolstering overall NAND GM and supply, enabling MU to benefit from the strong secular growth drivers of tablets and smartphones."

Wedbush maintains their "Outperform" rating on Micron Technology, which closed Thursday at $9.63, gaining $0.29, or 3.10 percent. Wedbush raised their price target on Micron from $11 to $15.