Cantor Fitzgerald raised the firm’s price target on Micron (MU) to $185 from $155 and keeps an Overweight rating on the shares. Cantor continues to view Semi stocks as a must-own, but also recognizes the group is at the center of this great friction and will prove to be volatile, the analyst tells investors in a research note. The firm expects Micron to post a beat and raise, driven by sustained data center demand strength and a recovering Consumer business.
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Read More on MU:
- Micron price target raised to $175 from $155 at Deutsche Bank
- Micron price target raised to $185 from $155 at UBS
- China launches anti-discrimination into U.S. trade policy, Reuters says
- Japan to provide $3.6B for Micron to make advanced DRAM, Nikkei Asia reports
- Bullish flow in Micron with shares up 3.99%