Micron price target raised to $660 from $550 at TD Cowen

TD Cowen analyst Krish Sankar raised the firm’s price target on Micron (MU) to $660 from $550 and keeps a Buy rating on the shares. The firm says the “next leg for the stock is more about durability than earnings upside.” TD does not see much upside to its 2027 earnings per share of $110 for Micron. Micron’s story is completely turning from earnings upside to durability, the analyst tells investors in a research note. TD thinks the stock will continue to work as long as there are signs of demand that support the durability thesis.