Micron (MU) Price Target Raised to $22-$28 at Wells Fargo; Analyst Maintains Underperform

Wells Fargo maintained an Underperform rating on Micron Technology (NASDAQ: MU) and raised its price target to $22-$28 (from $19-$24). The change follows Q4 results. Analyst David Wong remains concerned that DRAM prices could correct downward.

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 $31.70 yesterday.

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