Option Millionaires

[uranium-pinto-beans]

Micron upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley upgraded Micron Technology to Equal Weight from Underweight with a price target of $130, up from $98. The firm says it overestimated how much significant 2023 losses would weigh on the stock's valuation, and underestimated both the economic and narrative elements of artificial intelligence memory. The analyst still sees Micron as "fundamentally overvalued" on long term metrics. However, high-bandwidth memory continues to drive sentiment from memory buyers, leading to sustained pricing strength, the analyst tells investors in a research note. Morgan Stanley believes the company could see positive preannouncement this quarter