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Is It Finally Time? Barclays Starts Coverage On Micron And SanDisk

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The huge decline in semiconductor stocks this year has created buying opportunities.

  • Demand weakness should subside in 2016.
  • Barclays is bullish on Micron Technology, Inc. (NASDAQ: MU) at current levels, but needs to see more positive data out of SanDisk Corporation (NASDAQ: SNDK) in the near term.
  • In a new report, Barclays analyst Blayne Curtis discussed two new Barclays initiations in the semiconductor space: Micron Technology and SanDisk Corp. The firm believes that collapsing share prices have created a buying opportunity for traders willing to run the risk of further downside.

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