D. A. Davidson isn’t backing away. After attending Micron’s Technology and Product Leadership Webinar on Oct. 22, the firm maintained its Buy rating and $3,000 price target. D. A. Davidson believes Micron’s leadership in memory technology gives it a wider competitive moat than the stock’s valuation currently reflects, Investing. com reported. The conviction stands out because Micron fell about 6% on Oct. 22, when another artificial intelligence sell-off swept up semiconductor stocks. D. A.
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