Wall Street Gets More Optimistic About Micron -- and Western Digital, Too
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking two high-profile Wall Street picks and putting them under the microscope...
All of a sudden, it seems investors can't go wrong by buying stock in computer memory makers.
Three weeks ago, I wrote about Mizuho's upgrade of Western Digital (NASDAQ: WDC) stock, now that it seems it won't be as hard-hit by President Trump's trade war with China after all. Just earlier this week, the story was that Goldman Sachs upgraded shares of Western Digital rival Micron Technology (NASDAQ: MU) based on stabilizing demand for NAND flash memory, and hopes that DRAM demand will follow suit.
Quelle Fool.com
