Morgan Stanley Maintains Equal-Weight on Micron Technology, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Equal-Weight rating on Micron Technology but lowers the price target from $140 to $100.
September 16, 2024 | 3:59 pm
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Morgan Stanley's analyst Joseph Moore has maintained an Equal-Weight rating on Micron Technology but has lowered the price target from $140 to $100, indicating a more cautious outlook.
The lowering of the price target from $140 to $100 by Morgan Stanley suggests a less optimistic view on Micron's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the significant reduction in the price target is likely to weigh on investor sentiment.
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IMPORTANCE 80
RELEVANCE 100