Wells Fargo Raises Micron Technology Price Target to $1,220 From $550 on June 8

According to BlockBeats, Wells Fargo raised Micron Technology (MU) price target to $1,220 from $550 on June 8, maintaining an overweight rating. The bank cited prolonged storage chip supply tightness, progress in advanced packaging partnerships, and the company's strong execution capabilities. Micron stock was trading at $925 in premarket activity, up over 7%.
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