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INTC

Intel

$37.75

0.46 (1.23%)

, MU

Micron

$17.41

0.42 (2.47%)

08:53
10/19/16
10/19
08:53
10/19/16
08:53

Intel data center results bode badly for several stocks, says Pacific Crest

Pacific Crest says that Intel's (INTC) data center results and commentary were "modestly disappointing," as enterprise demand for the company's data center products was "weak," according to the firm. The firm thinks that the negative enterprise results are "modestly negative for stocks with enterprise exposure, including Micron (MU), Seagate (STX) and Western Digital (WDC)."

INTC

Intel

$37.75

0.46 (1.23%)

MU

Micron

$17.41

0.42 (2.47%)

STX

Seagate

$35.34

0.33 (0.94%)

WDC

Western Digital

$53.99

0.81 (1.52%)

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INTC Intel
$37.75

0.46 (1.23%)

10/19/16
SUSQ
10/19/16
NO CHANGE
Target $42
SUSQ
Positive
Intel weakness a buying opportunity, says Susquehanna
Susquehanna analyst Christopher Rolland said weakness in Intel following Q3 results would be a great entry point for long-term investors. The analyst believes the decline in PC units will moderate and average selling prices will increase, which could mitigate the revenue decline. He also expects modest server acceleration and a new layer of revenue in non-CPU products. Rolland maintained his Positive rating and $42 price target on Intel shares.
10/19/16
JEFF
10/19/16
NO CHANGE
Target $46
JEFF
Buy
Intel Q4 outlook 'disappointing, but beatable,' says Jefferies
Jefferies analyst Mark Lipacis says Intel issued a "disappointing, but beatable" outlook for Q4. The guidance, which calls for below seasonal growth and gross margin decline of 180 basis points, appears conservative, Lipacis tells investors in a post-earnings research note. He lowered his price target for Intel shares to $46 from $49 but keeps a Buy rating on the name. The analyst likes the "gross margin setup" into 2017.
10/19/16
BARD
10/19/16
NO CHANGE
Target $42
BARD
Outperform
Intel fundamentals improving despite server shortfall, says Baird
Baird analyst Tristan Gerra believes Intel will maintain its 40% market share in mobile resulting in a continued decline in its mobile losses in 2017. The analyst noted the company lowered its outlook for client data center groups, which could weigh on the shares for the remainder of the year. Gerra believes the longer-term fundamentals remain intact with a still rising DCG mix, stabilization in PC comps, and further reductions in mobile losses driving a sustainable resumption in earnings growth. Gerra reiterated his Outperform rating and $42 price target on Intel shares.
10/19/16
ROTH
10/19/16
NO CHANGE
Target $40
ROTH
Buy
Roth Capital cuts Intel price target after guidance disappoints
Roth Capital analyst Suji Desilva lowered his price target for Intel to $40 from $43 after disappointing guidance. However, the analyst expects the shares to recover with a reset of expectations. Desilva continues to be encouraged by the company's transition to growth areas such as cloud data center, networking and IoT, and by the stable margin profile. He reiterates a Buy rating on the shares.
MU Micron
$17.41

0.42 (2.47%)

10/05/16
STFL
10/05/16
NO CHANGE
Target $22
STFL
Buy
Micron only at start of up cycle, says Stifel
Stifel analyst Kevin Cassidy raised his price target for Micron Technology to $22 from $20, saying the company last night delivered a "solid beat" to his expectations and the consensus forecast. The company's non-GAAP EPS guidance "has some controversy" and may cause some weakness in the shares, added Cassidy. However, he would be a buyer on the weakness, citing his view that Micron's up cycle is only at its beginning. The firm keeps its Buy rating on Micron shares.
10/05/16
EVER
10/05/16
NO CHANGE
Target $25
EVER
Buy
Micron guidance conservative, buy on weakness, says Evercore ISI
Evercore ISI analyst CJ Muse said Micron's guidance is conservative and continues to believe there will be a DRAM shortage situation in CY17 that will drive earnings power to $2-$3 including SBC. Muse recommends adding to Micron positions on weakness and reiterates his Buy rating and $25 price target.
10/05/16
COWN
10/05/16
NO CHANGE
Target $19
COWN
Outperform
Micron interesting on a pullback, says Cowen
Cowen analyst Timothy Arcuri said Micron's guidance was troubling but he still sees a positive bias as DRAM supply/demand remains the first order driver for the company and industry capital expenditure is still being diverted to 3D NAND. Arcuri believes the shares will be interesting on a pullback, but said it is hardly his favorite idea. Arcuri maintained his Outperform rating and $19 price target on Micron shares.
10/05/16
SUSQ
10/05/16
NO CHANGE
Target $21
SUSQ
Positive
Micron investors should focus on DRAM fundamentals, says Susquehanna
Susquehanna analyst Mehdi Hosseini noted Micron reported better than expected Q4 results driven by higher revenues. The analyst said the company guidance is below the buy-side expectation and he believes they are still challenged by converting planar to 3D NAND. Hosseini said Micron investors should focus on improving DRAM fundamentals as the better environment bodes well for the company's minority interest income and should help free cash flow. Hosseini reiterated his Buy rating and raised his price target to $21 from $20 on Micron shares.
STX Seagate
$35.34

0.33 (0.94%)

10/12/16
BMUR
10/12/16
NO CHANGE
Target $50
BMUR
Buy
Seagate gross margin model remains underappreciated, says Brean Capital
Brean Capital analyst Ananda Baruah believes the Street is underestimating Seagate's gross margin model. The analyst also said Seagate is ahead of schedule for getting back to delivering normalized earnings, free cash flow generation, and duopoly characteristics. Baruah reiterated his Buy rating and raised his price target to $50 from $42 on Seagate shares.
10/11/16
BNCH
10/11/16
UPGRADE
BNCH
Buy
Seagate upgraded to Buy from Hold at Benchmark
10/11/16
10/11/16
UPGRADE
Target $43

Strong Buy
Follow-up: Seagate upgraded to Strong Buy from Buy at Needham
As previously reported, Needham upgraded Seagate to Strong Buy and raised its price target to $43 from $39. Analyst Richard Kugele said Seagate is benefiting from a generally stable to improving demand environment at the very time the company is restructuring its capacity and OPEX model for the changing environment dominated by CSPs and high-capacity drives. He believes investors will be beneficiaries of these dynamics as they flow through Seagate's model
10/11/16
BTIG
10/11/16
NO CHANGE
BTIG
Seagate weakness a buying opportunity, says BTIG
WDC Western Digital
$53.99

0.81 (1.52%)

10/04/16
SBSH
10/04/16
NO CHANGE
Target $70
SBSH
Buy
Western Digital price target raised to $70 from $65 at Citi
Citi analyst Stanley Kovler raised his price target for Western Digital (WDC) to $70 saying he remains constructive on near-term hard-disk-drive and NAND trends heading into the Q3 earnings season. The analyst sees improved pricing in both sectors and believes the company is executing on its SanDisk integration. He keeps a Buy rating on the shares. Kovler also upped his price target for Neutral-rated Seagate (STX) to $37 from $29.
10/05/16
RBCM
10/05/16
NO CHANGE
RBCM
Micron report reads positively for Applied Materials, Lam, says RBC Capital
Following Micron's (MU) quarterly report and guidance, RBC Capital Amit Daryanani said he sees positive read-through from the report for Applied Materials (AMAT), Lam Research (LRCX), ASML (ASML), Western Digital (WDC) and Intel (INTC). Micron management expects capex spending of $4.8B-$5.2B for FY17, noted Daryanani, who believes continued 3D NAND spending will benefit Applied and Lam the most.
10/12/16
CLVD
10/12/16
NO CHANGE
CLVD
Neutral
Western Digital has more near-term upside, says Cleveland Research
Cleveland Research analyst Kevin Rottinghaus sees potential near-term upside to Western Digital's (WDC) positive preannouncement and to consensus estimates on continued strength in NAND, HDD pricing discipline, and demand upside in notebooks and near-line HDDs. His research suggests SSDs are continuing to see upside to demand and pricing in client and enterprise and expects these trends to continue through at least Q1 2017. Rottinghaus rates Western Digital a Neutral.
10/11/16
JPMS
10/11/16
UPGRADE
JPMS
Neutral
Seagate upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Rod Hall upgraded Seagate Technology (STX) to Neutral citing more stable trends in the PC market. The analyst now sees a slower decline of 10k RPM drives shipped with servers. He raised his price target for Seagate shares to $38 from $20. Hall also kept a Neutral rating on Western Digital (WDC) but raised his price target for the stock to $59 from $53.

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CBI

CB&I

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MU

Micron

$31.66

-0.84 (-2.58%)

13:24
06/28/17
06/28
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13:24
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Nanya Technology lowers Micron stake to 4.17% with recent sale of 11.6M shares »

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BPY

Brookfield Property

$24.08

0.34 (1.43%)

13:22
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Brookfield Property management to meet with RBC Capital »

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BPOP

Popular

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0.16 (0.41%)

13:19
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Popular management to meet with RBC Capital »

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$NSD

NASDAQ Market Internals

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MEOH

Methanex

$42.30

0.4 (0.95%)

13:16
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Conference/Events
Methanex management to meet with RBC Capital »

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$NYE

NYSE Market Internals

13:16
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NYSE market internals summary »

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13:15
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General news
Treasury Action: intermediate yields ticked higher »

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CS

Credit Suisse

$14.45

0.2 (1.40%)

13:14
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Syndicate
Breaking Syndicate news story on Credit Suisse »

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IMGN

ImmunoGen

$6.54

-0.28 (-4.11%)

13:12
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13:12
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Conference/Events
ImmunoGen management to meet with RBC Capital »

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VZ

Verizon

$44.85

0.005 (0.01%)

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Alphabet

$927.33

-24.94 (-2.62%)

13:09
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Periodicals
Verizon explores pooling consumer data with other wireless firms, BI says »

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$44.85

0.005 (0.01%)

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Alphabet

$927.33

-24.94 (-2.62%)

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Alphabet Class A

$948.09

-24 (-2.47%)

FB

Facebook

$150.58

-3.01 (-1.96%)

TMUS

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$61.01

-2.14 (-3.39%)

S

Sprint

$8.14

-0.04 (-0.49%)

VOD

Vodafone

$28.65

-0.145 (-0.50%)

TEF

Telefonica

$10.53

-0.1 (-0.94%)

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MIC

Macquarie Infrastructure

$79.18

0.8299 (1.06%)

13:09
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Conference/Events
Macquarie Infrastructure management to meet with RBC Capital »

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MTCH

Match Group

$17.50

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RAD

Rite Aid

$4.04

0.2989 (7.99%)

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$77.26

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$77.26

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

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$948.09

-24 (-2.47%)

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$927.33

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$948.09

-24 (-2.47%)

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PIR

Pier 1 Imports

$5.42

0.0799 (1.50%)

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$30.08

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AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

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Alphabet

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-24.94 (-2.62%)

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$927.33

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$948.09

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BBY

Best Buy

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0.78 (1.39%)

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