Why Micron Stock Just Popped
Shares of computer memory maker Micro Technology (NASDAQ: MU) climbed 5.8% through 10:30 a.m. EDT Tuesday morning after analysts at Swiss megabank UBS raised their price target on the stock to $120 per share.
"UBS sees meaningful upside to NAND demand and pricing," reports StreetInsider.com today, "and now expect NAND contract pricing +5% q/q in 2Q (was -7%), +10% q/q in 3Q (was -7%), and +2% in 4Q (was -5%)."
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Source Fool.com
