UPDATE: Micron Technology (MU) PT Raised to $100 at Barclays
Barclays analyst Tom O'Malley raised the price target on Micron Technology (NASDAQ: MU) to $100.00 (from $87.00) while maintaining a Overweight rating.
The analyst comments "The downturn appears to be more transitory than sustained with improving supply allowing robust bit growth in the back half coupled with strong trends in Data Center, Mobile, and Auto/Industrial."