Stifel: Long-term supply agreement will change Micron Technology's (MU.US) business model, raises target price to $1500.

Zhitong Finance and Economics APP learned that after Micron Technology (MU.US) announced strong financial results and optimistic performance outlook, several Wall Street institutions raised their target prices. Stifel stated that the long-term supply agreement recently signed by Micron not only far exceeds market expectations in terms of terms, but also implies a major transformation in the company's business model. Therefore, the company was given a "buy" rating and a target price of $1500.