Micron price target raised to $90 from $65 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Micron to $90 from $65 and keeps a Positive rating on the shares. The analyst said we think May quarter presents the worst case operating losses, and thus we believe the near-to-medium term risk/ reward profile is attractive given our updated price target.