Micron's stock rises after rating upgrade at Morgan Stanley

Core Insights - Micron Technology's shares increased approximately 6% in premarket trading following an upgrade from Morgan Stanley, which changed the stock's rating from Equal-weight to Overweight [2] - Morgan Stanley also raised the price target for Micron's stock from $160 to $220, indicating a positive outlook for the company's future performance [2] Company Summary - The upgrade by Morgan Stanley reflects confidence in Micron's growth potential and market position [2] - The new price target suggests a significant upside for investors, highlighting the firm's belief in Micron's ability to perform well in the semiconductor industry [2]