UPDATE: Micron Technology (MU) PT Raised to $100 at Barclays

Barclays analyst Tom O'Malley raised the price target on Micron Technology (NASDAQ: MU) to $100.00 (from $87.00) while maintaining a Overweight rating.

The analyst comments "The downturn appears to be more transitory than sustained with improving supply allowing robust bit growth in the back half coupled with strong trends in Data Center, Mobile, and Auto/Industrial."

You May Also Be Interested In

• New Street Research Upgrades Micron Technology (MU) to Buy
• Micron launches $250M AI-focused venture fund, its third
• Apollo Hospitals (APLH:IN) PT Raised to INR8,500 at ICICI Securities