Micron Technology ( MU ) shares were higher after the company's fiscal-second-quarter results and third-quarter guidance topped expectations. On Wednesday, analysts from Bank of America, JPMorgan, Wedbush and Deutsche Bank posted bullish notes on the Boise, Idaho, memory and storage solutions company. At last check Micron shares were 6% ahead at $45.06. Bank of America Double Upgrade to Buy F rom Underperform (PT Affirmed at $60) Our buy rating is based on (1) low price-to-book (close to the previous trough at near 1 times), (2) margin improvement (May-end quarter) vs. a more serious Covid-19 outbreak (Europe, U.S.), (3) well-managed chip production (no disruption) using new tech (1xnm/1ynm DRAM, 128-layer NAND), and (4) solid financials (net cash) and active shareholder returns using free cash flow (buyback)," analyst Simon Woo wrote.