Barclays Maintains Overweight on Micron Technology, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Micron Technology (NASDAQ:MU) and increased the price target from $80 to $85, indicating a positive outlook on the company's stock.
November 29, 2023 | 11:41 am
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Barclays analyst Tom O'Malley has reaffirmed an Overweight rating on Micron Technology and raised the price target to $85, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, which can lead to increased investor confidence and potentially drive the stock price up in the short term.
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