Micron price target raised to $300 from $280 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Micron (MU) to $300 from $280 and keeps a Buy rating on the shares. The company reported “another stunning” quarter and outlook, the analyst tells investors in a research note. The firm says Micron exceed “lofty” expectations on pricing and gross margin strength. The company’s continued strong technological execution and disciplined spending is resulting in a “paradigm shift in the memory sector,” contends Deutsche Bank.