How Much Will Micron Earnings Be Hit By Huawei Ban

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  • #21050
    ThePitBoss
    Participant

    Memory chip maker Micron report earning and revenues…

    [article]1573[/article]

    #21093
    ThePitBoss
    Participant

    Needham upgraded Micron to ‘buy’ from ‘hold’

    “The company has seen normalizing inventory levels in the cloud, graphics, and PC end markets, as customers digest excess inventory. Another significant tailwind is MU’s resumption of shipments of certain products to Huawei in the last 2 weeks. ”

    #22864
    Super Harley
    Participant

    Cowen analyst Karl Ackerman upgrades Micron (NASDAQ:MU) and Western Digital (NASDAQ:WDC) from Market Perform to Outperform.

    Cowen raises its Micron target from $50 to $70 and WDC from $45 to $88.

    Cites DRAM fundamentals to improve sooner than expected, supporting Micron’s improved cost position relative to its peers.

    On WDC, Ackerman sees an opportunity for a beat-and-raise, citing improved NAND pricing, Enterprise SSD market gains, and improving HDD margins.

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