Piper Sandler Upgrades Micron Technology to Overweight, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has upgraded Micron Technology (NASDAQ:MU) from Neutral to Overweight and increased the price target from $70 to $95, indicating a positive outlook on the company's stock.
January 04, 2024 | 10:25 am
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POSITIVE IMPACT
Micron Technology's stock rating has been upgraded by Piper Sandler from Neutral to Overweight with a price target boost from $70 to $95, suggesting a bullish stance on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a professional and positive reassessment of the company's prospects. The increase in the price target further strengthens the positive sentiment, suggesting that the analyst sees more value in the stock than previously estimated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100