WDC, NAND, NVM, enterprise storage systems, etc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 195.96

-20.3%

Nov 20 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Unwelcomeguest	5/16/2018 9:40:57 AM
	of 4828

One of the analysts quoted in one of my earlier posts (Daryanani) is out with a new PT of $80 on MU. I think the rationale for his Outperform rating and PT is affecting WDC this morning as well. DJ Micron Stock Rises After RBC Starts Coverage With Outperform Rating -- MarketWatch May 16, 2018 08:22:00 (ET) Shares of Micron Technology Inc. (MU) are up 2% in premarket trading after RBC analyst Amit Daryanani initiated coverage of the stock with an outperform rating and an $80 price target. "While we don't think cycles are done, we do think they are inherently more muted and MU is positioned to generate positive EPS and FCF under most down-cycle scenarios," he wrote. Daryanani thinks that a sharp reduction in the number of competitors allows for a "sensible pricing environment" and highlighted that the manufacturing of DRAM and NAND has become more expensive. "As capital intensity has increased, the risk of oversupply has materially diminished," Daryanani wrote. Micron shares are up 86% in the past 12 months, while the S&P 500 has gained 13% and the PHLX Semiconductor Index has risen 25%. -Emily Bary For more from MarketWatch: marketwatch.com UWG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next