Morgan Stanley Maintains Underweight on Micron Technology, Raises Price Target to $58.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an 'Underweight' rating on Micron Technology (NASDAQ:MU) and raised the price target from $46 to $58.5.
September 25, 2023 | 12:24 pm
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Morgan Stanley has maintained an 'Underweight' rating on Micron Technology and raised the price target from $46 to $58.5.
The news is directly related to Micron Technology. While the 'Underweight' rating suggests that Morgan Stanley expects the stock to underperform, the raised price target indicates a more positive outlook than before. This mixed signal could lead to neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100