Micron Shares Rally After Analyst Reaffirms Buy, Another Firm Lifts Target and Industry Data Backs DRAM Strength
Micron Technology rallied strongly in afternoon trading, driven by a Bank of America reiteration of a Buy rating and a separate price-target raise from ThinkEquity, alongside industry market-share data showing Micron holding a significant portion of global DRAM. Broader gains across major U.S. indices also supported the rebound.