Analyst Shaves Price Target For Micron And Western Digital To Reflect Industry Weakness

Benzinga2022-12-01

Mizuho analyst Vijay Rakesh maintained Micron Technology Inc (NASDAQ: MU) with a Neutral and lowered the price target from $52 to $50. Rakesh maintains Western Digital Corp (NASDAQ: WDC) with a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2288561352?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/U466aOmICK5sNECsPH0bVw--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/38e0439a2f6bf47bc024469a2794f2eb","is_english":true,"pubTime":"2022-12-01 01:59","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2288561352","market":"us","top_or_hot":-1,"title":"Analyst Shaves Price Target For Micron And Western Digital To Reflect Industry Weakness","media":"Benzinga","content":"<div>\n<p>Mizuho analyst Vijay Rakesh maintained Micron Technology Inc (NASDAQ: MU) with a Neutral and lowered the price target from $52 to $50.\nRakesh maintains Western Digital Corp (NASDAQ: WDC) with a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analyst-shaves-price-target-micron-175954992.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analyst Shaves Price Target For Micron And Western Digital To Reflect Industry Weakness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalyst Shaves Price Target For Micron And Western Digital To Reflect Industry Weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 01:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analyst-shaves-price-target-micron-175954992.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mizuho analyst Vijay Rakesh maintained Micron Technology Inc (NASDAQ: MU) with a Neutral and lowered the price target from $52 to $50.\nRakesh maintains Western Digital Corp (NASDAQ: WDC) with a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analyst-shaves-price-target-micron-175954992.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4512","symbol_name":"苹果概念","start_time":0,"source_url":"https://finance.yahoo.com/news/analyst-shaves-price-target-micron-175954992.html","article_id":"2288561352","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/U466aOmICK5sNECsPH0bVw--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/38e0439a2f6bf47bc024469a2794f2eb"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2288561352","pubTimestamp":1669831194,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Mizuho analyst Vijay Rakesh maintained Micron Technology Inc (NASDAQ: MU) with a Neutral and lowered","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4512":"苹果概念","BK4504":"桥水持仓","BK4170":"电脑硬件、储存设备及电脑周边","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4553":"喜马拉雅资本持仓","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4585":"ETF&股票定投概念","WDC":"西部数据","MU":"美光科技","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4575":"芯片概念","BK4114":"综合货品商店","LU0823411888.USD":"法巴消费创新基金 Cap","BK4527":"明星科技股","BK4579":"人工智能","BK4141":"半导体产品","TGT":"塔吉特"},"translate_title":"分析师下调美光和西部数据的目标价，以反映行业疲软","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WDC":1,"TGT":1,"MU":0.9},"content_text":"Mizuho analyst Vijay Rakesh maintained Micron Technology Inc (NASDAQ: MU) with a Neutral and lowered the price target from $52 to $50.\nRakesh maintains Western Digital Corp (NASDAQ: WDC) with a Neutral and lowered the price target from $40 to $38.\nWhile memory industry valuations have remained attractive and MU's wafer cuts should help, he believes memory trends near-term are weaker with China COVID restrictions, higher memory supplier inventories, and fab underutilization impacting margins. \nHis recent checks into the supply chain show demand weak into 2023 with China COVID restrictions impacting retail traffic and logistics from Beijing to Shenzhen and Shanghai to Zhengzhou.\nHis check suggested inventory at Memory suppliers and Server and Hyperscale customers higher (>8-14 weeks).\nHis checks also reflected pricing trending as unfavorable.\nHe saw fab underutilization as an added headwind to margins.\nAs he looks ahead to Micron earnings on December 21, he believes lower ASPs for memory could further pressure the gross margin at MU and WDC in the near term.\nPrice Action: MU shares traded lower by 1.47% at $54.31 on the last check Wednesday. WDC shares traded lower by 4.34% at $34.55.\n\nLatest Ratings for WDC\n\n\n\nDate\nFirm\nAction\nFrom\nTo\n\n\n\n\nMar 2022\nStifel\nMaintains\n\nBuy\n\n\nJan 2022\nMizuho\nMaintains\n\nBuy\n\n\nJan 2022\nBarclays\nMaintains\n\nEqual-Weight\n\n\n\n View More Analyst Ratings for WDC \n View the Latest Analyst Ratings \nSee more from Benzinga\n\nWestern Digital Could See Material Cash Drawdown In 2023, Analyst Says\nLack Of Supply Cuts From Samsung Could Lead To Higher Inventory Build-Up For Micron, Analyst Says\n\nDon't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.\n© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2288561352"}