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Micron price target raised to $530 from $480 at Mizuho

Mizuho analyst Vijay Rakesh raised the firm’s price target on Micron (MU) to $530 from $480 and keeps an Outperform rating on the shares. The firm views the company’s earnings report as “very strong.” Mizuho increased estimates and sees Micron as well positioned “with strong profitability and DRAM-NAND roadmaps.”

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