Micron Technology (MU) Moves Higher After Bernstein Upgrades DRAM Sector

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Go back to Micron Technology (MU) Moves Higher After Bernstein Upgrades DRAM Sector

Wells Fargo Raises PT on Micron (MU); Notes Increase in DRAM Prices

March 15, 2013 11:42 AM EDT

Wells Fargo today maintained an Outperform rating on Micron Technology (NASDAQ: MU) and raised its price target to $10 to $12 (from $8 to $9.50).

"Given recent increases in DRAM pricing, we think that Micron's revenue and profit potential may be better than we had previously... More