Micron's Price Target Cut Amid Anticipated Q4 Earnings
Micron's Price Target Reduced
Wedbush has cut Micron Technology's price target from $170 to $140 in light of challenges faced in the memory market. This adjustment comes just ahead of the anticipated Q4 earnings announcement, which is drawing significant attention.
Wedbush's Outperform Rating
Despite the downward revision, Wedbush continues to hold an Outperform rating on Micron, indicating confidence in the company's future performance.
Market Context
Micron's price adjustments reflect ongoing trends within the technology sector, particularly in memory products influenced by supply and demand fluctuations.
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