Analyst: Micron Stock Will Make a Comeback
Micron Technology, Inc. (NASDAQ:MU) stock shot up 10.5% to $14.05 per share on Thursday after the company received a major upgrade.
Romit Shah, analyst at Nomura, raised his rating from "Reduce" to "Buy" on Micron stock and increased his price target from $8.00 to $18.00. That represents a 28% upside after Thursday's surge. (Source: "Micron (MU) Stock Climbs on Nomura Upgrade," TheStreet.com, June 23,.
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Micron Technology, Inc. (NASDAQ:MU) stock shot up 10.5% to $14.05 per share on Thursday after the company received a major upgrade.
Romit Shah, analyst at Nomura, raised his rating from "Reduce" to "Buy" on Micron stock and increased his price target from $8.00 to $18.00. That represents a 28% upside after Thursday's surge. (Source: "Micron (MU) Stock Climbs on Nomura Upgrade," TheStreet.com, June 23,.
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