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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST
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From: Sam10/23/2018 8:50:37 AM
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Enterprise hardware and memory stocks fall on Susquehanna cuts
Oct. 23, 2018 8:16 AM ET|By: Brandy Betz, SA News Editor


Susquehanna downgrades enterprise hardware and memory/storage stocks after checks show blended DRAM pricing in Q1 tracking down about 15% Q/Q with bias to downside.

Downgrades: NetApp (NASDAQ: NTAP) target drops from $105 to $85, Micron (NASDAQ: MU) goes from $75 to $45, and Seagate (NASDAQ: STX) cuts from Neutral to Negative with its target down to $32 from $53.

Source: Bloomberg First Word.

NTAP is down 2.8% premarket to $78.05. MU drops 3.4% to $38.40. Seagate is down 5.2% to $41.34.

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