TD Cowen analyst Krish Sankar raised the firm’s price target on Micron (MU) to $180 from $150 and keeps a Buy rating on the shares. The firm thinks the stock will continue its outperformance in the short term as checks continue to support that momentum. Typically, this part of the cycle puts more emphasis on ASP trends as Cowen does not expect much multiple expansion from here, but rather continued growth in book value.
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