Morgan Stanley Reiterates Underweight on Micron Technology, Maintains $58.5 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 $58.5.
September 28, 2023 | 1:15 pm
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NEGATIVE IMPACT
Morgan Stanley has reiterated an 'Underweight' rating on Micron Technology, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that they expect Micron Technology's stock to underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100