Micron shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and raised its price target from $98 to $130.
Portfolio Pulse from Benzinga Newsdesk
Micron shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and raised its price target from $98 to $130.
May 20, 2024 | 11:50 am
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POSITIVE IMPACT
Micron shares are trading higher following an upgrade from Morgan Stanley, which raised the stock from Underweight to Equal-Weight and increased the price target from $98 to $130.
The upgrade from a major financial institution like Morgan Stanley is likely to boost investor confidence in Micron, leading to a positive short-term impact on the stock price. The significant increase in the price target further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100