Micron shares are trading higher after Raymond James raised its price target on the stock from $90 to $100 and maintained its Outperform rating.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology's stock (MU) is trading higher following an upgrade from Raymond James, which increased its price target from $90 to $100 and reaffirmed an Outperform rating.
January 19, 2024 | 5:37 pm
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POSITIVE IMPACT
Micron Technology's stock price is likely to experience a positive short term impact due to Raymond James raising its price target from $90 to $100 and maintaining an Outperform rating.
Analyst upgrades or positive changes in price targets typically lead to a positive investor sentiment in the short term. The increase from $90 to $100 by a reputable firm like Raymond James suggests a strong conviction in the company's future performance, which can encourage investors to buy shares, driving the price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100