BMO upgrades Micron to outperform, says semiconductor stock can rise more than 30%

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Hannah Miao@hannahmiao_
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The Micron Technology headquarters in Boise, Idaho, on March 28, 2021.
Jeremy Erickson | Bloomberg | Getty Images

BMO Capital Markets upgraded shares of semiconductor maker Micron Technology on Wednesday, saying the continuing chip shortage should have a positive effect on pricing.