Stifel analyst Brian Chin raised the firm’s price target on Micron (MU) to $360 from $300 and keeps a Buy rating on the shares after the company announced its acquisition of a semiconductor wafer fabrication site from Powerchip Semiconductor in Taiwan for $1.8B. The firm, which notes there are no changes to its modeling, remains “upbeat” on the persistence of favorably tight memory market conditions through and beyond FY26.
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