Morgan Stanley believes that Micron 's earnings could move into new uncharted highs from here. The bank stood by its overweight rating on the semiconductor manufacturer and hiked its price target to $325 from $220. Analyst Joseph Moore also named Micron a top stock pick. Shares of Micron have surged 191% this year. Moore's updated forecast implies that the stock could rally another 33% from here. MU YTD mountain MU YTD chart Moore pointed to a shortage in dynamic random-access memory, or DRAM, for leading the stock into "uncharted territory" and helping to boost it to new highs in earning power. He clarified that his call is less based on Micron's valuation, and more given its potential for material upward revisions in the short term. "Since we upgraded MU to OW a little over a month ago [

See Full Page