Stifel Upgrades Micron Technology to Buy, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brian Chin upgraded Micron Technology (NASDAQ:MU) from Hold to Buy and increased the price target from $80 to $120, indicating a positive outlook on the company's future performance.
March 07, 2024 | 9:57 am
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Micron Technology was upgraded by Stifel from Hold to Buy, with a significant increase in price target from $80 to $120, suggesting strong confidence in the company's future growth.
The upgrade from Hold to Buy by a reputable analyst at Stifel, along with a substantial increase in the price target, is a strong indicator of Micron Technology's potential for growth. This is likely to positively influence investor sentiment and could lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100