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Micron Technology price target raised to $450 from $350 at Morgan Stanley
Morgan Stanley has increased its price target for Micron Technology (NASDAQ: MU) to $450 from $350, maintaining an Overweight rating due to ongoing DRAM price increases and supply shortages. Other firms like Deutsche Bank, UBS, Mizuho, and HSBC have also raised their price targets, indicating a bullish outlook for the memory chip maker. Micron’s revenue growth has been significant, and the company plans further investment in NAND flash memory manufacturing capacity in Singapore.