Micron price target raised to $165 from $160 at KeyBanc

KeyBanc raised the firm’s price target on Micron (MU) to $165 from $160 and keeps an Overweight rating on the shares. The firm sees positive implications for Micron indications Samsung (SSNLF) is struggling to get qualified at Nvidia (NVDA) on HBM3e given performance and manufacturing yield issues and unlikely to have material share on Blackwell, which should support Micron gaining outsized share on the HBM3e, which likely will exceed its traditional DRAM share, the analyst tells investors in a research note.