Micron shares are trading higher after the company reported better-than-expected Q3 results. Also, Piper Sandler upgraded the stock from Underweight to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology, Inc. (MU) shares are trading higher following better-than-expected Q3 results. Additionally, Piper Sandler upgraded the stock from Underweight to Neutral.
June 29, 2023 | 10:02 am
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POSITIVE IMPACT
Micron's stock is trading higher due to strong Q3 results and an upgrade from Piper Sandler.
Micron's better-than-expected Q3 results indicate a strong financial performance, which is a positive signal to investors. Additionally, the upgrade from Piper Sandler from Underweight to Neutral suggests a more favorable outlook for the stock, which can further boost investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100