Barclays raised its price target on Micron Technology (MU) to a street-high $675 from $450 (a 50% increase) following Micron's earnings released on March 19. The unusually large analyst upgrade signals strong post-earnings confidence in Micron's fundamentals and is likely to provide a meaningful positive catalyst for the stock.
Barclays raised its price target on Micron Technology (MU) to a street-high $675 from $450 (a 50% increase) following Micron's earnings released on March 19. The unusually large analyst upgrade signals strong post-earnings confidence in Micron's fundamentals and is likely to provide a meaningful positive catalyst for the stock.
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strongly positive
Sentiment Score
0.70
Ticker Sentiment
