Wells Fargo Maintains Overweight on Micron Technology, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers maintains an Overweight rating on Micron Technology but lowers the price target from $190 to $175.
September 18, 2024 | 3:42 pm
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Wells Fargo's analyst Aaron Rakers continues to rate Micron Technology as Overweight, indicating a positive outlook, but has reduced the price target from $190 to $175, suggesting a tempered expectation of growth.
The Overweight rating suggests continued confidence in Micron's performance, but the lowered price target indicates a more cautious growth outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100