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Micron Technology (MU) stock closed comfortably in the green on Tuesday after Bank of America Securities added the memory chips specialist to its “U.S. 1 List.” The firm’s senior analyst Vivek Arya maintains a “Buy” rating on MU, with a bullish $1,550 price target signaling potential upside of about 55% from current levels.
Micron stock’s addition to BofA’s highest conviction buy calls is significant given it is already up more than 200% year-to-date.
