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A statement released earlier today by Barclays Capital about Micron Technology Inc. (NDAQ:MU) bumps the target price to $60.00

Just yesterday Micron Technology Inc. (NDAQ:MU) traded -0.88% lower at $40.52. Micron Technology Inc.’s 50-day moving average is $35.35 and its 200-day moving average is $30.96. The last closing price is up 34.41% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 53,023,633 shares of MU traded hands, up from an average trading volume of 30,029,500

Stating a potential upside of 0.48%, Barclays Capital upped the price target of Micron Technology Inc. (NDAQ:MU) to $60.00

Previously on 10/09/2017, BMO Capital Markets reported on Micron Technology Inc. (NDAQ:MU) increased the target price from $0.00 to $43.00. At the time, this indicated a possible upside of 0.06%.

See Chart Below

Micron Technology Inc. (NDAQ:MU)

Micron Technology Inc. has a 52 week low of $16.17 and a 52 week high of $42.07 with a P/E ratio of 9.44 The company’s market cap is currently $0.

In addition to Barclays Capital reporting its target price, a total of 23 firms have reported on the stock. The consensus target price is $15.00 with 6 firms rating the stock a strong buy, 11 firms rating the stock a buy, 9 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Micron Technology Inc. (NDAQ:MU)

Micron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.

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