Wall Street is getting more bullish on Micron Technology, and for good reason. The memory chip giant just wrapped up a quarter that left analysts scrambling to revise their outlooks upward. 

Morgan Stanley lifted its price target on Micron (MU) stock to $1,200 from $1,050, keeping its “Overweight” rating intact.

It reflects a fundamental shift in how the street sees Micron’s business over the next several years.

Morgan Stanley cites deal momentum and durable market conditions

According to Investing.com:

• Morgan Stanley analyst Joseph Moore pointed to several reasons for his renewed confidence. 

• Capital spending increases from Micron were described as measured and not…