UPDATE: Jefferies Reiterates Raises PT on Micron Technology on Stable Pricing

In a report published Monday, Jefferies analyst Sundeep Bajikar reiterated a Buy rating on Micron Technology (NASDAQ: MU ), and raised the price target from $15.00 to $18.00. In the report, Jefferies noted, “Moore Stress has led to DRAM prices ~2X higher and NAND prices ~40% higher from their 2H12