Micron price target raised to $170 from $150 at Wells Fargo

Wells Fargo analyst Aaron Rakers raised the firm’s price target on Micron (MU) to $170 from $150 and keeps an Overweight rating on the shares. Micron reported a solid beat and raise, featuring HBM momentum and overall continued data center strength, coupled with tightening inventory levels, the analyst tells investors in a research note.