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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 254.16+4.4%3:59 PM EST
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To: Sam who wrote (4058)1/14/2019 9:36:25 AM
From: Sam1 Recommendation

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Micron -4.3% as Morgan Stanley sees no 2019 rebound
Jan. 14, 2019 9:33 AM ET|About: Micron Technology Inc. (MU)|By: Jason Aycock, SA News Editor


Micron (NASDAQ: MU) has come out of today's open down 4.3% after Morgan Stanley warns about continued doldrums in the shares despite months of declines.

"While we see value in the stock, we don’t see a rebound at any point in 2019," writes analyst Joseph Moore, and the firm is cautious on semiconductors overall. But: "There remains too much fundamental optimism in our investor conversations around Micron in the short term." (h/t Bloomberg)

Shares have fallen more than 40% since May but the balance sheet is built to "weather a severe storm," he says.

The firm reiterated its Equal Weight rating and price target of $33, near a Street low and now implying 4.3% downside.

seekingalpha.com

[Personally, I don't see much optimism. I see much more anxiety about both Micron and WDC.]
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