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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

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From: Donald Wennerstrom	10/29/2018 1:47:04 PM
	2 Recommendations Recommended By booney1 Return to Sender Read Replies (2) of 95580

Deutsche Bank Keeps Micron Technology (MU) At Buy Despite Weakening Market October 29, 2018 6:41 AM EDT Sidney Ho, reiterated his Buy rating on shares of Micron Technology (NASDAQ: MU) despite noting that the markets for both DRAM and NAND have worsened from over investment in the server market in 1H 2018. He believes CPU shortages in the PC market, and demand uncertainties around international trade conflicts that are leading to tighter inventory management in the supply chain while supply growth has accelerated, leading to oversupply in both markets. The analyst stated "Micron is not immune to these dynamics, but we do believe the company has structurally improved and should generate a handsome amount of profits at the next trough (vs. losses in previous cycles). We are in the camp that believes memory suppliers are more interested than ever in protecting profitability as evidenced by the capex cuts announced in the past two weeks, which we believe should lead to shorter and more muted cycles". No change to the price target of $60. streetinsider.com

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