Mizuho analyst Vijay Rakesh slashed price targets on Micron Technology, Inc (NASDAQ:MU) to $95, from $113 (66% upside), and Western Digital Corp (NASDAQ:WDC) to $68, from $72 (44% upside), and reiterated a Buy.
He observed that memory industry update, sentiment, and pricing trends had softened considerably in the last month with weaker PC-handset trends, consumer demand concerns with DRAM softer but NAND worse with weak demand offset by better supply from Kioxia.
