Micron price target raised to $85 from $80 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Micron Technology to $85 from $80 and keeps an Overweight rating on the shares. The company preannounced better revenue, which was somewhat offset by higher operating expenditures, and sounded more optimistic on HBM3E outlook, the analyst tells investors in a research note.