Micron Technology announces upcoming financial performance, receives target price upgrade from Wedbush.

Before Micron Technology announces its third quarter results on June 25, Wedbush maintains its "outperform" rating on the company and raises its target price from $130 to $150. The analyst team led by Matt Bryson believes that there has been a more positive turnaround in memory prices in the second quarter. These analysts also point out that although they do not expect a significant reversal in price trends in the third quarter as they did in March, they still believe that memory prices for DRAM and NAND will rise in the coming quarters.