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KeyBanc: Micron to Be Biggest Beneficiary of Memory Chip Price Hikes, Downgrades Cirrus Logic
KeyBanc Capital Markets analyst John Vinh stated in a report that the survey results were most positive for Micron, and he raised earnings forecasts for analog chipmakers Analog Devices, Microchip, Texas Instruments, and NXP. However, Vinh downgraded Cirrus Logic from "Overweight" to "Sector Weight," citing its approximately 80% revenue dependence on Apple, which has cut iPhone production.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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