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Micron Technology Stock Is Sensitive to Morgan Stanley’s Ratings

Micron Technology Stock Is Sensitive to Morgan Stanley’s Ratings

On May 8, he gave a bullish rating of “overweight” and a price target of $65. At that time, Micron was trading at a 38% discount of $48.60. Analysts calculate the price target of a stock by applying a price ratio to their estimates for the company’s earnings and cash flows for the next few quarters.