Investing.com - Wall Street cannot get enough of Micron, the high-flying chipmaker.
Credit Suisse (SIX:CSGN) is the latest firm to raise its stock-price target for Micron, saying the company will report better-than-expected earnings this year.
The Wall Street firm raised its 12-month price target from $60 to $70 a share and also reiterated its outperform rating.
Credit Suisse said rising prices for memory chips and an improving cost structure will drive Micron's earnings.
Three other firms upped their stock price-targets last week. Nomura Instinet's went from $55 to $100 a share.
Micron stock is already up more than 30% this year.