Micron price target raised to $200 from $180 at TD Cowen

TD Cowen raised the firm’s price target on Micron (MU) to $200 from $180 and keeps a Buy rating on the shares. The firm said they reported an expected solid beat and guided well above the Street; $3.75 EPS vs around $3.00 for the Street. The fear is that this strong beat is similar to that of April 2021, right around when the stock peaked in the 2021 upcycle.