Susquehanna analyst Mehdi Hosseini raised his price target for Micron Technology to $80 ahead of the company's earnings report on Thursday, March 22. The stock in midday trading is down $1.53 to $59.05. The analyst expects Micron's "cost leadership" and "product diversification" to dominate earnings. He views the company as the cost leader in NAND and believes management can use the 50% share rally in the past six weeks for acquisitions. Micron needs acquisitions to "beef-up its portfolio of IP/System know-how," Hosseini tells investors in a research note. The analyst keeps a Positive rating on the shares.