RBC Capital on Micron (MU) and SanDisk (SNDK); Samsung, Supply and Spot Prices
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Price: $11.59 +1.76%
Rating Summary:
16 Buy, 10 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
16 Buy, 10 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade MU Now!
RBC Capital on Micron (NYSE: MU) and SanDisk (Nasdaq: SNDK) -
Analyst, Doug Freedman, said, "Our recent checks suggest that Samsung (~30% marketshare, measured in bits) has recently limited its supply to the market as a result of unattractive pricing given oversupply in the retail channel. Consequently, we believe that improving behaviour in recent spot pricing is reflective of Samsung’s action to control shipments. As a result of the weakness in the memory card market, the gap between retail and OEM pricing has widened."
"We expect NAND spot market pricing levels to hold current levels, or possibly rebound, given controlled supply from Samsung and as 2H demand drivers (Smartphones and SSDs into Enterprise and Consumer markets) pick-up."
RBS maintains an Outperform rating on MU & SDNK, PT $11 and $50, respectively.
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Analyst, Doug Freedman, said, "Our recent checks suggest that Samsung (~30% marketshare, measured in bits) has recently limited its supply to the market as a result of unattractive pricing given oversupply in the retail channel. Consequently, we believe that improving behaviour in recent spot pricing is reflective of Samsung’s action to control shipments. As a result of the weakness in the memory card market, the gap between retail and OEM pricing has widened."
"We expect NAND spot market pricing levels to hold current levels, or possibly rebound, given controlled supply from Samsung and as 2H demand drivers (Smartphones and SSDs into Enterprise and Consumer markets) pick-up."
RBS maintains an Outperform rating on MU & SDNK, PT $11 and $50, respectively.
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