Micron Technology shares are trading higher after Stifel upgraded the stock from Hold to Buy and raised its price target from $80 to $120.
Portfolio Pulse from Benzinga Newsdesk
Micron Technology's stock (MU) is trading higher following an upgrade from Stifel, moving from Hold to Buy, with a new price target set at $120, up from $80.
March 07, 2024 | 12:21 pm
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POSITIVE IMPACT
Micron Technology's stock received a significant upgrade from Stifel, moving from Hold to Buy, with an increased price target from $80 to $120.
The upgrade by Stifel from Hold to Buy, accompanied by a substantial increase in the price target for Micron Technology, indicates a strong bullish sentiment from the analyst firm. This is likely to instill confidence in investors and could lead to a short-term increase in the stock price as market participants react to the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100