Micron Commentary on Data Center/Memory Should Benefit Seagate (STX)/Western Digital (WDC) - Stifel
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Price: $95.30 +0.01%
Rating Summary:
37 Buy, 10 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 17 | Down: 14 | New: 42
Rating Summary:
37 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 42
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Micron Technology (NASDAQ: MU) is expected to report earnings today and commentary on data center/memory "should" have positive ramifications for Seagate (NYSE: STX) and Western Digital (NYSE: WDC), according to Stifel analyst Patrick Ho.
"In our view, management’s expected commentary regarding data center/enterprise spending is likely to be positive (or at the very least an improving market environment), and this should translate favorably for our storage/HDD names," Ho commented.
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