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Micron price target raised to $245 from $225 at UBS

UBS analyst Timothy Arcuri raised the firm’s price target on Micron (MU) to $245 from $225 and keeps a Buy rating on the shares. UBS thinks memory shortages are acute and worsening, especially in DRAM, and now sees 2026 EPS close to $30, the analyst tells investors in a research note.

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