National Grid ESO forecasts the UK power system will face a tight supply-demand balance on Friday evening.

At Meituan’s annual shareholder meeting, CEO Wang Xing said the company’s share price had been disappointing in recent years and he takes significant responsibility. CFO Chen Shaohui said Meituan’s value is severely undervalued and the company plans a stock buyback.

Price-target moves: JP Morgan raised Micron Technology target from $550 to $1,540; Susquehanna raised to $2,000 from $1,750; D.A. DAVIDSON raised to $2,000 from $1,500; RBC raised to $1,500 from $1,200; CLSA sets $1,320 and rates Outperform; Morgan Stanley raised its target to $1,200 from $1,050, maintaining Overweight. Market takeaways: Analysts say Micron’s profit-normalization may be higher than previously expected and the next downcycle could be more insulated; the blowout results make profit-taking difficult and have provided a lift to weak tech. Earnings reaffirm an intact AI investment cycle, boosting semiconductor sentiment and supporting elevated valuations while earnings outlook holds. Several strategists note memory-chip demand now appears to outstrip supply, implying greater reliability in a traditionally cyclical market.