Evercore ISI Group Maintains Outperform on Micron Technology, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst C Muse has maintained an Outperform rating on Micron Technology (NASDAQ:MU) and increased the price target from $90 to $100.
December 21, 2023 | 4:49 pm
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Evercore ISI Group analyst C Muse reaffirmed an Outperform rating on Micron Technology and raised the price target to $100, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like C Muse from Evercore ISI Group suggests a strong conviction in Micron Technology's future performance. This endorsement is likely to instill confidence in investors and could lead to a short-term increase in the stock price, as market participants often react positively to such analyst upgrades.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100