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What’s Going On With Micron Tech Stock On Monday?


Micron Technology Inc (NASDAQ:MU) shares are trading higher after Baird analyst Tristan Gerra upgraded the stock from Neutral to Outperform and raised its price target from $115 to $150.

Citi analyst Christopher Danely remains bullish on the U.S. semiconductor sector. His top pick remains Micron Technology, Inc (NASDAQ:MU)

 with other Buy-rated names, including Advanced Micro Devices, Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), Analog Devices, Inc (NASDAQ:ADI), Microchip Technology Inc (NASDAQ:MCHP), and ON Semiconductor Corp (NASDAQ:ON).

Last Friday afternoon, the SIA announced March monthly sales of $50.8 billion (up 16.4% month-over-month), above the analyst’s estimate of $50.1 billion (up 14.8% M/M) and seasonality of up 12.0% M/M driven by above-seasonal sales across all …

Full story available on Benzinga.com

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