Goldman Sachs analyst Toshiya Hari downgraded Micron Technology to Neutral from Buy with a price target of $49, down from $60, after taking over coverage from Mark Delaney. While positive on the long-term outlook for the broader memory industry, the analyst believe the stock’s risk/reward is largely balanced at current levels. Hari reduced out-quarter DRAM bit growth and NAND pricing assumptions to reflect potential demand weakness in the second half of 2020.