Barclays analyst Tom O’Malley raised the firm’s price target on Micron (MU) to $115 from $110 and keeps an Overweight rating on the shares. The company reported a “beat and raise” quarter with HBM coming in better than company expectations and the NAND market seeing a reversion in pricing, the analyst tells investors. Near-term margin pressures aside, the firm sees the company being set up for a strong second half “across the board,” the analyst added.
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