Micron (MU) PT Raised to $28 at Argus

Argus reiterated a Buy rating and raised its price target on Micron Technology (NASDAQ: MU) to $28.00 (from $22.00) following strong results and outlook.

The analyst said although MU shares rallied on the 1Q17 report and strong second-quarter guidance, they remain well below their peak levels of two years ago and appear attractive on sharply rising EPS expectations.

For an analyst ratings summary and ratings history on Micron Technology click here. For more ratings news on Micron Technology click here.

Shares of Micron Technology closed at $23.19 yesterday.

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