Morgan Stanley Negative on Memory Noting DRAM/NAND Checks Have Weakened (MU) (WDC)

September 6, 2018 10:05 AM EDT
Get Alerts MU Hot Sheet
Price: $71.69 -3.03%

Rating Summary:
    37 Buy, 13 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 3 | New: 43
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Micron Technology (NASDAQ: MU) and Western Digital (NASDAQ: WDC) shares are under intense selling pressure Thursday after Morgan Stanley's Asian Team highlighted weakening DRAM/NAND following recent checks. The team highlights Server DRAM inventory stands at 6-8 weeks versus 3-4 week previously.

Further, Analyst Shawn Kim comments "We recently met buyers and sellers of memory and believe that the 4Q outlook for server DRAM is worse than we previously expected along with the prospects for the rest of memory in 3Q."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Hot Comments

Related Entities

Morgan Stanley