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Here's why BofA is bullish on Micron stock
July 12, 2024 1:01 PM EDTBank of America analysts maintain a bullish outlook on Micron Technology (NASDAQ: MU), citing significant opportunities in AI and a structurally improved industry landscape.
Following investor meetings in Boston and New York with Micron CFO Mark Murphy, CVP Satya Kumar, and IR Samir Patodia, BofA reiterates its Buy rating and a price target of $170 for Micron.
According to the bank, key takeaways from the meetings emphasize strong pricing, supply discipline, and mix improvement towards AI... More
