Analyst Upgrades: Boeing Co, Micron Technology, Inc., and Visa Inc

Analysts upwardly revised their ratings and price targets on Boeing Co (NYSE:BA), Micron Technology, Inc. (NASDAQ:MU), and Visa Inc (NYSE:V)

by Josh Selway

Published on Jun 23, 2016 at 10:11 AM

Analysts are weighing in on aerospace firm Boeing Co (NYSE:BA), semiconductor stock Micron Technology, Inc. (NASDAQ:MU), and credit card concern Visa Inc (NYSE:V)Here's a quick roundup of today's bullish brokerage notes on BA, MU, and V.

  • BA is up 1.4% this morning at $133.64, after Morgan Stanley initiated coverage with an "overweight" rating. What's more, CEO Dennis Muilenburg spoke about strengthening demand for passenger jets in an interview earlier today. While Boeing Co remains below breakeven on a year-to-date basis, today's pop has the stock north of its 200-day moving average -- a trendline that has halted recent rally attempts. Still, short selling has picked up on BA. During the last two-week reporting period, short interest jumped over 9%, and with 26.5 million shares now sold short, short interest sits just below record levels. 
  • MU is surging this morning, thanks to a bullish note from Susquehanna. The brokerage firm upped its outlook on the stock to "positive" from "neutral," and raised its price target to $18 from $10, citing the company's M&A prospects. Specifically, the analysts stated "A third party such as Intel Corp could step in and help Micron lower its debt ..." Additionally, Nomura raised its rating on MU to "buy" from "reduce" and its price target to $18 from $8. The stock has caught the eye of analysts in recent weeks, and with good reason. Micron Technology, Inc. has gained 47% since bottoming at $9.35 last month, adding 7.9% today at $13.73 -- with the shares now on pace to close atop their 200-day moving average for the first time since February 2015.

  • has added 0.8% at $77.11, thanks to a price-target hike to $98 from $97 at Goldman Sachs. The stock has climbed 12% in the past year, and hit a record high in April after a mid-March bounce off its the 320-day moving average. As such, most analysts are strong believers in the stock, with 17 of 22 calling Visa Inc a "buy" or better, while zero rate it a "sell." 
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