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Goldman Sachs Reviews Micron's Earnings Following Weak Guidance
Friday, July 1, 2016 - 11:43am | 291Read More...Micron Technology, Inc. (NASDAQ: MU) reported its 3QFY16 results with the revenue below the estimate and the consensus. Goldman Sachs’ Mark Delaney maintains a Neutral rating on the company, while lowering the price target from $13 to $12. Results And Guidance DRAM sales grew 9 percent...
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Jabil Shares Under Pressure Following Goldman's Downgrade To Sell
Tuesday, June 7, 2016 - 9:19am | 299Read More...Goldman Sachs’ Mark Delaney believes there could be 13 percent downside risk to Jabil Circuit, Inc. (NYSE: JBL) shares. Delaney downgraded the rating on the company from Neutral to Sell, while lowering the price target from $19 to $17. Downside Risk To Expectations “While we...
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Goldman Upgrades Avnet, Removes From Sell List
Tuesday, June 7, 2016 - 8:08am | 249Read More...Goldman Sachs' Mark Delaney upgraded Avnet, Inc. (NYSE: AVT) from Sell to Neutral with a price target of $41.00. The rating change came after Goldman saw "more limited downside to Street estimates." In comparison to the median of peers, Avnet has been down 26 percent since November 13, 2014,...
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Western Digital Has 5% Upside: Here's Why You Should Be A Little Concerned
Monday, June 6, 2016 - 9:34am | 266Read More...Goldman Sachs’ Mark Delaney expressed a constructive outlook for Western Digital Corp (NASDAQ: WDC)'s fundamental in the near term, based on expectations of improved supply and demand for NAND and HDD during 2HCY16. Delaney reinitiated coverage of the company with a Neutral rating and...
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Goldman Sachs Just Raised Micron's Price Target
Monday, June 6, 2016 - 8:08am | 285Read More...Shares of Micron Technology, Inc. (NASDAQ: MU) rallied over the past couple of weeks, following reports of DRAM prices potentially reaching a bottom, and expectations of NAND supply being tight in 2H16. Goldman Sachs’ Mark Delaney maintained a Neutral rating for the company, while raising...
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TE Connectivity's Peers Have More Upside, According To Goldman Sachs
Monday, May 9, 2016 - 11:46am | 292Read More...Goldman Sachs’ Mark Delaney mentioned that TE Connectivity Ltd (NYSE: TEL) shares have declined 5.5 percent since September 2015, as compared to the 9 percent decline among its peers and 3 percent rise in the S&P. Delaney downgraded the rating on the company to Neutral, while maintaining...
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Goldman Upgrades CommScope To Buy, Sees 18% Upside
Monday, May 9, 2016 - 10:49am | 294Read More...Goldman Sachs’ Mark Delaney believes Commscope Holding Company Inc (NASDAQ: COMM) could see upside potential of 18 percent. Delaney upgraded the rating on the company from Neutral to Buy, while raising the price target of $33 to $35. EPS Growth Expectations “While we were incrementally...
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Goldman Looks At This Week's Options Activity In Apple, Seagate And Visa
Wednesday, April 13, 2016 - 7:54am | 715Read More...Low earnings expectation, combined with stocks moving more on earnings than on the non-earnings period, makes it more attractive to own options around earnings. Goldman Sachs’ Katherine Fogertey identified three important stocks for which “volatility is most underpriced relative to...
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Goldman Analysts Not Touching Marvell, Say Fundamentals Still Challenging
Tuesday, April 5, 2016 - 1:27pm | 235Read More...Despite announcing management changes, Goldman Sachs analysts remain wary toward Marvell Technology Group Ltd. (NASDAQ: MRVL). The departures of Marvell's president Weili Dia and CEO Sehat Sutardja were announced in the same press release that outlined the company's update on its delayed 10-K and...
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Why Goldman Sachs Thinks It's Time To Sell Micron
Saturday, June 27, 2015 - 5:55pm | 368Read More...In a report issued Friday, Goldman Sachs analyst Mark Delaney and his team reiterated a Sell rating on shares of Micron Technology, Inc. (NASDAQ: MU), while trimming their price target from $19 to $17 on the back of materializing DRAM margin risk and free cash flow (FCF) weakness ahead. The...
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Goldman Sachs Downgrades Broadcom, Removes From Americas Buy List
Friday, May 29, 2015 - 7:58am | 181Read More...In a report published Friday, Goldman Sachs analyst Mark Delaney downgraded the rating on Broadcom Corporation (NASDAQ: BRCM) to Neutral, while raising the price target from $53 to $58, following the announcement Avago Technologies Ltd (NASDAQ: AVGO) intends to acquire the company for a total value...
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Goldman Sachs Drops SanDisk From Its Conviction Buy List
Thursday, March 26, 2015 - 3:18pm | 246Read More...Goldman Sachs removed SanDisk Corporation (NASDAQ: SNDK) from its Conviction Buy List Thursday following the company's pre-announcement of a weak Q1. The move comes after analysts, led by Mark Delaney, moved the company to its Conviction Buy List on March 10 due to "increased...
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Analysts Trim Views On Micron Technology
Wednesday, January 7, 2015 - 4:37pm | 232Read More...Micron Technology, Inc. (NASDAQ: MU) shares slid Wednesday after the company said it will cut second-quarter production for retooling and analysts trimmed forecasts. Chief Executive D. Mark Duncan forecast second-quarter revenue of $4.1 billion to $4.3 billion in a conference call Tuesday,...
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Goldman Sachs Bullish On SanDisk
Thursday, November 13, 2014 - 12:29pm | 178Read More...On Thursday, analysts at Goldman Sachs upgraded shares of SanDisk Corporation (NASDAQ: SNDK) from Neutral to Buy and raised the price target from $87 to $106. Mark Delaney is upgrading the stock on potential gross margin expansion 2015E. Delaney finds the weakness in the yen will be positive...
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UPDATE: Goldman Sachs Initiates Coverage on CommScope as Deleveraging and Wireless Exposure Drive EPS
Wednesday, December 4, 2013 - 8:56am | 152Read More...In a report published Wednesday, Goldman Sachs analyst Mark Delaney initiated coverage on CommScope (NASDAQ: COMM) with a Buy rating and $19.00 price target. In the report, Goldman Sachs noted, “We initiate coverage of CommScope with a Buy rating and a 12-month price target of $19 (12% upside). We...
