Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

From: Sam	6/10/2020 9:16:22 AM
	5 Recommendations of 95541

Micron Stock Drops After Wedbush Downgrade -- MarketWatch Dow Jones Newswires June 10, 2020 08:33:00 AM ET Shares of Micron Technology Inc. (MU) are down 0.6% in premarket trading Wednesday after Wedbush analyst Matt Bryson downgraded the stock to neutral from outperform. While he said that Micron's recently issued outlook made him "even more enthusiastic" about the company's ability to deliver positive earnings despite a trough for the industry, he also sees risk to pricing dynamics going forward, given that "industry conditions have deteriorated" in recent months. " Specifically, only a few weeks ago, we believed that contract pricing for DRAM and NAND in CQ3 would likely hold flat (+ /- a few percent) helped by visibility around cloud demand into CQ3," Bryson wrote. "Now, we are less certain as to how firm cloud orders are and we believe contract pricing (both DRAM and NAND) will likely be flat to down with increased availability in the secondary market also likely to further pressure spot and retail pricing." He raised his price target to $55 from $51 in conjunction with the downgrade. Micron shares have added 10% over the past month as the S&P 500 has rallied 9%. -Emily Bary For more from MarketWatch: marketwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next