Micron price target lowered to $120 from $140 at Bernstein

Bernstein lowered the firm’s price target on Micron (MU) to $120 from $140 and keeps an Outperform rating on the shares. Mainstream memory and China remain big controversies but the growth of HBM should still propel the industry to nearly record profits in 2025, the firm says. Bernstein sees Memory the most controversial part within its coverage for 2025.