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Micron Technology Analyst Turns Positive On Potential For Double-Digit Price Hikes, Higher Earnings

Micron Technology Inc (NASDAQ:MU) can potentially generate substantially higher earnings ahead, driven by multiple quarters of double-digit price hikes, according to Morgan Stanley.The Micron Technology Analyst: Analyst Joseph Moore upgraded the rating from Equal-Weight to Overweight, while raising the price target from 160to160 to 220.The Micron Technology Thesis: DRAM and NAND checks indicate that buyers remain concerned about chip availability through 2026, given expectations of strong server and storage de ...