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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

Dec 16 4:00 PM EST

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Donald Wennerstrom

From: Sam	10/1/2018 8:52:13 AM
	1 Recommendation Read Replies (2) of 95587

Micron is 'a better house in a tough neighborhood,' Mizuho says amid memory concerns MARKETWATCH 8:50 AM ET 10/1/2018 Mizuho analyst Vijay Rakesh defended Micron Technology Inc.'s(MU) stock on Monday, writing that the company was "a better house in a tough neighborhood" amid concerns about memory prices. Rakesh expects that DRAM prices could be down 3% or 4% in the calendar fourth quarter, but he predicts that prices could stabilize "earlier in the June quarter of 2018, providing a faster normalization for Micron." He said that $1.5 billion of a $10 billion buyback that will go into effect in the fiscal first quarter, which ends in November. That "should drive some upside" for Micron, he wrote. Rakesh on Monday downgraded shares of Western Digital Corp.(WDC) and Lam Research Corp.(LRCX) on NAND concerns. He kept his buy rating on Micron's stock, which is up 0.8% in premarket trading. The shares are up 15% over the past 12 months, while the S&P 500 [spx] is up 16%. -Emily Bary; 415-439-6400; AskNewswires@dowjones.com

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