Micron Stock Falls as More Analysts Slash Price Target. What’s Concerning Them.
Micron Technology stock was falling Monday after Morgan Stanley analysts lowered their price target as uncertainty for the chip maker’s future remains a concern. The analysts cut their price target on Micron to $100 from $140 and maintained an Equal Weight rating on the stock. This new price target comes after the stock has dropped 43% from its record closing high of $153.45 on June 18.