Baird upped its rating to outperform on shares of Micron and upped its price target from $25 to $42 today. The analyst at Baird is seeing continued improvement in DRAM supply and demand trends.
Baird joins the growing list of firms that, who recently raised price targets on shares of Micron. Last Wednesday, Bank of America raised it’s Micron PT to $40 and Credit Suisse raised its PT to $50 and on Friday Nomura raised its PT to $40.
Disclosure: I am long shares of Micron and maintain a $61 price target that was issued in April.
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