Morgan Stanley Maintains Underweight on Micron Technology, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Underweight rating on Micron Technology (NASDAQ:MU) but raised the price target from $78 to $98.
March 21, 2024 | 4:28 pm
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Morgan Stanley maintains an Underweight rating on Micron Technology but increases the price target from $78 to $98.
While the Underweight rating suggests caution, the increase in price target from $78 to $98 indicates a positive adjustment in valuation expectations. This mixed signal could lead to short-term uncertainty among investors, potentially causing volatility in the stock's price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100