[Morgan Stanley: Raises Micron's target price to $1,200, maintains 'Overweight' rating] Odaily Planet Daily News - Morgan Stanley released a report raising Micron Technology (MU.O)'s target price from $1,050 to $1,200, while maintaining its 'Overweight' rating. The firm increased its fiscal year 2027 earnings per share forecast by approximately 40% to $168 per share and raised its free cash flow forecast from $104 billion to $140 billion. Morgan Stanley aligns with Micron's management in believing that AI will drive DRAM demand to significantly exceed supply after 2027. Micron's performance last fiscal quarter was consistent with this trend, with both quarterly results and outlook showing substantial upside potential. (Jin10)