Needham analyst Rajvinda Gill raised his price target on Micron to $100 after the company's Analyst Day and its positive pre-announcement, saying the company's run-rate earnings of $13-14 per share could be augmented by another $6 in operational improvements. The analyst contends that this level of profitability is "unheard of" in the memory industry and is also the highest in the company's 40-year history. Gill keeps his Strong Buy rating on Micron, adding that the company's $10B stock repurchase underscores the management's confidence that shares are undervalued.