MU - Micron Stock Is Moving Higher Monday: What's Going On? | Benzinga
Micron Technology Inc (NASDAQ:MU) shares are trading higher Monday following a pair of positive analyst updates. Here’s what you need to know.
What Happened: BofA Securities analyst Vivek Arya maintained Micron with a Buy rating on Monday and raised the price target from $144 to $170. Susquehanna analyst Mehdi Hosseini also maintained Micron with a Positive rating and raised the price target from $143 to $185.
The upward price target revisions come just over a week before earnings. Micron is set to report third-quarter financial results after the market close on June 26. The company is expected to report earnings of 49 cents per share on revenue of $6.634 billion, according to estimates from Benzinga Pro.
Analyst revisions have been positive for Micron ...