Micron Rises as Bank of America Gets “Incrementally More Positive on Memory” After Executive Meetings

Key TakeawaysMicron shares rose after Bank of America’s Vivek Arya kept his Buy rating and $1,550 price target following meetings with Micron’s executives, and SK hynix rose [3%] too. Customer deals that now run three to five years give this memory upcycle a better chance of outlasting past booms.