Micron shares rise 3% after UBS upgrade to $245 amid tight DRAM supply

Core Viewpoint - Micron Technology's stock is expected to experience further upside due to a widening supply-demand imbalance in the semiconductor market, as indicated by UBS's reiterated "buy" rating on the company [1] Group 1: Company Insights - UBS has maintained a "buy" rating on Micron Technology, suggesting confidence in the company's potential for stock price appreciation [1] - The semiconductor market is currently facing a significant supply-demand imbalance, which is likely to benefit Micron Technology [1]