Why Micron Technology Stock Rallied on Monday Morning

The chipmaker got some love from a Wall Street analyst.Shares of Micron Technology (MU 0.01%) popped on Monday morning, jumping by as much as 5%. As of 11:36 a.m. ET, the rally had faded somewhat, though the stock was still up 1.2%.The catalyst that sent the memory and storage chipmaker higher was a vote of confidence from a Wall Street analyst.Increasing prospectsKeyBanc analyst John Vinh maintained his overweight (buy) rating on the stock while increasing his price target to $150 from its previous level o ...