Baird Upgrades Micron Technology to Outperform, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Tristan Gerra upgrades Micron Technology (NASDAQ:MU) from Neutral to Outperform and raises the price target from $115 to $150.

May 06, 2024 | 9:25 am
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POSITIVE IMPACT
Micron Technology upgraded by Baird from Neutral to Outperform with a price target increase from $115 to $150.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive change in the analyst's view of the company's future performance. The significant increase in the price target from $115 to $150 suggests a strong conviction in the company's growth prospects, which could lead to increased investor confidence and a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100