Micron price target raised to $125 from $95 at Wells Fargo

Wells Fargo raised the firm’s price target on Micron to $125 from $95 and keeps an Overweight rating on the shares. Wells expects Micron’s Q2 results and Q3 guidance to reflect a positive inflection, materializing up-cycle, HBM3e mid/2H24 ramp, and process node execution, the analyst tells investors in a research note.