Micron price target raised to $155 from $120 at UBS

UBS raised the firm’s price target on Micron (MU) to $155 from $120 and keeps a Buy rating on the shares. Micron delivered against HBM revenue and gross margin, both of which were in-line to a little better than bogeys, the analyst tells investors in a research note. UBS thinks HBM will create more durability and stability and allow Micron to keep moving margins higher.