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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

Dec 8 4:00 PM EST

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To: Sam who wrote (81143)	9/18/2018 11:39:42 AM
From: Donald Wennerstrom	3 Recommendations Recommended By bigchad Return to Sender Sam Read Replies (1) of 95536

RBC Capital is also joining the Micron "good words" support today. thefly.com Micron may initiate buyback program, says RBC Capital RBC Capital analyst Amit Daryanani kept his Outperform rating and $70 price target on Micron ahead of its Q4 earnings this week, saying the company should report "slightly above" the midpoint of its prior guidance. The analyst also expects investors to focus on Micron's outlook for memory pricing in Q1, which he estimates to be down 11%-12% in NAND ASPs and low-to-mid single digit in DRAM ASPs. Daryanani adds that an update on the cost scale-down reflecting the lower price expectations could also be key toward sustaining Micron's gross margins. The analyst further expects Micron to initiate a potentially "aggressive" buyback program given the current price levels. Read more at: thefly.com

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