Barclays Maintains Overweight on Micron Technology, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Micron Technology (NASDAQ:MU) and raised the price target from $75 to $80.
September 14, 2023 | 1:16 pm
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POSITIVE IMPACT
Micron Technology's price target has been raised from $75 to $80 by Barclays, maintaining an Overweight rating.
The news of Barclays maintaining an Overweight rating on Micron Technology and raising the price target from $75 to $80 is likely to have a positive impact on the company's stock in the short term. This is because such an announcement from a reputable financial institution like Barclays can boost investor confidence in the company, potentially leading to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100