Cloud Customer Behavior And Asian ''Economic Trends'' Prompts Analyst ''Concern'' About Memory Stocks
Benchmark analyst Mark Miller downgraded Western Digital Corp (NASDAQ: WDC ) to Sell from Hold with a $34 price target. Miller noted that Seagate Technology Holdings PLC (NASDAQ: STX ) joined other firms like Micron Technology, Inc (NASDAQ: MU ) and Nvidia Corp (NASDAQ: NVDA ) in lowering outlooks . The analyst also downgraded Seagate to Hold from Buy. Seagate lowered its forecast for Q1. The combination of lower revenue, increased under-utilization charges, and a less favorable product mix in the September quarter will also result in a sequential decline … Full story available on Benzinga.com
Cloud Customer Behavior And Asian ''Economic Trends'' Prompts Analyst ''Concern'' About Memory Stocks
Benchmark analyst Mark Miller downgraded Western Digital Corp (NASDAQ: WDC ) to Sell from Hold with a $34 price target. Miller noted that Seagate Technology Holdings PLC (NASDAQ: STX ) joined other firms like Micron Technology, Inc (NASDAQ: MU ) and Nvidia Corp (NASDAQ: NVDA ) in lowering outlooks . The analyst also downgraded Seagate to Hold from Buy. Seagate lowered its forecast for Q1. The combination of lower revenue, increased under-utilization charges, and a less favorable product mix in the September quarter will also result in a sequential decline … Full story available on Benzinga.com