Deutsche Bank analyst Sidney Ho raised his price target for Micron Technology to $60 citing last night’s “strong” quarter and guidance. The stock in premarket trading is up 6%, or $2.66, to 446.64. The DRAM strength was mostly anticipated, but what impressed most was the company’s NAND business, which showed a 900 basis point improvement in gross margin, Ho tells investors in a post-earnings research note. He expects Micron’s favorable market conditions to continue and maintains a Buy rating on the shares.