Micron Technology (MU) PT Raised to $45 at Nomura/Instinet on 4Q Beat on Strong DRAM & NAND Performance
Nomura/Instinet raised its price target on Micron Technology (NASDAQ: MU) to $45.00 (from $40.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.
Analyst Romit Shah notes a positive outlook on the shares, as the company delivered fourth quarter earnings per share and revenues above consensus projections driven by strong DRAM and NAND performance, thus supporting strong guidance moving forward.