Morgan Stanley Reiterates Underweight on Micron Technology, Maintains $46 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has reiterated an 'Underweight' rating on Micron Technology (NASDAQ:MU) and maintained a price target of $46.
June 29, 2023 | 12:06 pm
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Morgan Stanley has reiterated an 'Underweight' rating on Micron Technology, maintaining a price target of $46.
The 'Underweight' rating from Morgan Stanley suggests that the firm believes Micron Technology's stock will underperform the market in the near future. This could potentially lead to a decrease in the stock's price. The maintained price target of $46 also indicates that the firm does not expect significant upward movement in the stock's price.
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IMPORTANCE 80
RELEVANCE 100