Micron price target raised to $150 from $130 at Wells Fargo

Wells Fargo raised the firm’s price target on Micron (MU) to $150 from $130 and keeps an Overweight rating on the shares. The firm expects Micron’s upcoming Q3 results to reflect continued positive data center/AI-driven DRAM momentum. Sluggish NAND demand is offset by materializing industry s/d discipline, Wells adds.