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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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Sam

To: Return to Sender who wrote (82010)	12/17/2018 11:30:16 AM
From: Donald Wennerstrom	2 Recommendations Read Replies (2) of 95531

Micron target lowered at Cowen ahead of earnings 9:34 AM ET 12/17/18 \| MarketWatch Cowen & Co. analyst Karl Ackerman lowered his price target on shares of Micron Technology Inc. (MU) to $45 from $62 late on Sunday, though he maintained an outperform rating on the shares. "The significant disparity between buyside and sellside expectations has weighed on Micron intra-quarter, and our lowered estimates into the print assume a material guide below for the February quarter," Ackerman wrote. The company reports results after the close on Tuesday. Taking a longer-term view, Ackerman likes that the company "has fundamentally improved its technology position versus peers aross both DRAM and NAND," which he thinks should contribute to "structurally improved profitability." Micron shares are down 0.6% in Monday morning trading, and they're off 17% so far this year. The S&P 500 has fallen about 3% over that time.

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