Re: Has anyone noticed?
Upgrade of MU by Morgan's Joe Moore this morning and PT moved to $63 from $52.50, keeps as Overweight.
MU was really humming this morning and then after the broad market crash during Powell testimony, it couldn't regain the momentum. Still up nicely, though it seems less sweet considering we were in the $54s a week ago.
My gut says if market can hold together than MU will run back to $55 prior to the ER on June 29th. With a beat on their upward guide and a nice fiscal Q4 guide for next quarter, that should be what moves MU to $61.
However...this is MU and anything can happen.