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Technology Stocks : Semi Equipment Analysis
SOXX 296.92+0.1%4:00 PM EST
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To: Sam who wrote (82259)1/14/2019 11:37:01 AM
From: Donald Wennerstrom3 Recommendations

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FJB
oldbeachlvr
Sam

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Morgan Stanley has been negative for some time on Micron. The news today is a repeat of Moore's assessment in mid December.
12/19/18
Micron price target lowered to $33 from $48 at Morgan StanleyMorgan Stanley analyst Joseph Moore said Micron's climbing inventory levels validate his previously expressed undershipment concerns and that inventory has to be cleared out for supply and demand to come into balance. The company's capital spending cuts will help, but fixing the situation will take time, contends Moore, who lowered his price target on Micron shares to $33 from $48 following the company's Q1 report. He maintains an Equal Weight rating on Micron.

Read more at:
thefly.com
The earnings estimates have dropped significantly in the last few weeks, but still look pretty good. However, as usual the trend forward is flat or down. Micron and Western Digital have to fight a lot of negativity as usual.
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