Piper Sandler Maintains Overweight on Micron Technology, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar maintains an Overweight rating on Micron Technology (NASDAQ:MU) and raises the price target from $130 to $150.
June 27, 2024 | 11:29 am
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POSITIVE IMPACT
Piper Sandler has maintained an Overweight rating on Micron Technology and increased the price target from $130 to $150, indicating strong confidence in the company's future performance.
The increase in the price target from $130 to $150 by Piper Sandler suggests a positive outlook for Micron Technology. The Overweight rating indicates that the analyst expects the stock to outperform the market. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100