Goldman Sachs downgrades Western Digital, says stock can tumble nearly 15% in memory industry downturn

It's time to offload shares of Western Digital as the memory industry faces a severe slowdown, according to Goldman Sachs. Analyst Toshiya Hari downgraded the chip stock to sell from neutral in a note to clients Thursday, citing high inventory and slowing demand in the NAND flash memory business.

Hari also sees risks to Western Digital's balance sheet, expecting its net leverage to come under greater scrutiny and potentially "constrain operating activities in the near-term, presenting a risk to WD's post-cycle competitive position." In the same note, Hari reiterated Goldman's buy rating on Micron Technology , citing favorable tailwinds in the dynamic access memory, or DRAM business, which creates chips to store data within memory cells.

Hey CNBC how is my Wang and Digital stocks doing today?

Have survived in markets for decades because never trusted the top brokerages, they said Sell, the best new bank, I bought it after it crashed & made good money. Thank you for the opportunity Sir.

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Goldman Sachs may slash bonuses for investment bankers by 40%: reportIf implemented, the cuts would be the steepest since the 2008 financial crisis. This is bullshit. They worked hard give them their fucking bonuses.
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