B of A Securities Upgrades Micron Technology to Buy, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya upgraded Micron Technology (NASDAQ:MU) from Neutral to Buy and increased the price target from $77 to $95, indicating a positive outlook on the company's stock.
December 15, 2023 | 12:09 pm
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Micron Technology's stock rating has been upgraded by B of A Securities from Neutral to Buy, with a price target increase from $77 to $95, suggesting a bullish stance on the stock's future performance.
Upgrades by analysts, especially from neutral to buy, typically signal confidence in a company's prospects and can lead to increased investor interest and a potential rise in stock price. The raised price target further reinforces the positive sentiment.
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