Bank of America says Wall Street is underestimating Micron's long-term earnings power
Analyst Vivek Arya expects Micron to generate $200–$250 in earnings per share by 2030, well above Wall Street consensus
Tuesday's Wall Street analysis highlighted several notable analyst upgrades and downgrades. Americold Realty Trust (COLD) was upgraded to Neutral from Underperform by Bank of America, with the target price adjusted to $16 from $15. Conversely, Abercrombie & Fitch (ANF) was downgraded to Market Perform from Outperform by Raymond James, with no price target change.
America Movil (AMX) received an upgrade to Overweight from Neutral by JPMorgan, raising the target price to $32 from $30. Bath & Body Works (BBWI) was upgraded to Buy from Neutral by Citigroup, maintaining the $25 target price. Duolingo (DUOL) was upgraded to Buy from Neutral at DA Davidson, with an unchanged $160 target price. Tapestry (TPR) was upgraded to Outperform from Neutral at Daiwa, targeting $140.
Hilton Grand Vacations (HGV) and Gorilla Technology Group (GRRR) were each given a Neutral rating with Buy recommendations by Susquehanna and Compass Point, respectively. Lumentum Holdings (LITE) and Micron Technology (MU) were both reinstated with Buy ratings by William O Neil, without target prices. Act now: Micron Technology was on the list but did not make the top 10 AI stocks selection by the analyst who called NVIDIA in 2010.
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