Micron price target raised to $150 from $130 at Citi

Citi analyst Christopher Danely raised the firm’s price target on Micron (MU) to $150 from $130 and keeps a Buy rating on the shares. Micron reported upside to results and guidance driven by better than expected pricing and shipments, the analyst tells investors in a research note. The firm says more upside was from NAND versus DRAM, which could explain why the stock traded down after the earnings call. Citi raised estimates for Micron citing the DRAM pricing rebound and the company’s artificial intelligence exposure.