WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 283.13

+4.3%

Nov 12 3:59 PM EST

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From: Sam	9/11/2019 8:41:43 AM
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Longbow Research sees improving chip trends, upgrades Micron September 11, 2019 06:57 AM ETPublished September 11, 2019 06:57 AM Eastern Time Reuters * Longbow Research upgrades Micron Technology to "buy" and raises Western Digital's PT to $76 * Brokerage says its checks highlight upside in shipments and improving DRAM and NAND pricing fundamentals * Micron up 2% premarket, WDC up 0.2% in light trading * Brokerage turning more positive on memory fundamentals as it now believe excess inventory will be depleted faster than expected, triggering an improvement in pricing and margin ahead of current expectations * Longbow says upstream inventory drawdown is occurring faster than previously forecast, which should drive a bottoming in DRAM fundamentals by year-end and compliment an in-process recovery in NAND fundamentals * Micron is not credited enough for improvement in operating margins relative to its peers, upside in 2020 sales and profit also expected - Longbow * Philadelphia Semiconductor index has risen 37% so far this year, while the broader S&P 500 index has gained ~19% YTD * Micron shares have climbed 55.7% YTD, WDC up 68.4% during the same period

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