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Fly News Breaks for September 16, 2019
MU, TOSBF, TOSYY, WDC
Sep 16, 2019 | 14:41 EDT
In a research note title "Memory Monthly: When Will DRAM Bottom?," RBC Capital analyst Mitch Steves says that August pricing data was positive after the significant move following supply chain disruptions amid Western Digital (WDC)/Toshiba (TOSYY; TOSBF) power outage and Korea/Japan dispute. The analyst believes DRAM will bottom over the next couple of months. With 2020 likely to be an up year, Steves thinks the current environment creates attractive entry points for both Micron (MU) and Western Digital. Overall, the monthly data reflects an improving pricing environment, he adds.
News For WDC;TOSYY;TOSBF;MU From the Last 2 Days
MU
Apr 18, 2024 | 16:26 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
MU
Apr 18, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WDC
Apr 17, 2024 | 06:21 EDT
BofA raised the firm's price target on Western Digital to $85 from $75 and keeps a Buy rating on the shares. The firm sees both the HDD and NAND businesses being close to the bottom of the cycle and sees a potential unlock of shareholder value as the company remains on track to split the HDD and NAND business in the second half of 2024.