Micron Technology  (MU) – Get Report shares fell Thursday right after Deutsche Lender analyst Sidney Ho downgraded the semiconductor enterprise to maintain from buy and slashed his share-value concentrate on 20% to $48 from $60.

Memory-chip makers face “tough quarters in advance,” he wrote in a commentary cited by Bloomberg.

Micron not too long ago traded at $46.37, down 4.4%. The stock has slid 14% calendar year to date. Meanwhile, the Nasdaq Composite index has jumped 24%.

“Comprehensive checks” of the offer chain immediately after new “lackluster steerage” from Western Digital  (WDC) – Get Report made him much more pessimistic on the supply-demand dynamic for memory semiconductors in coming quarters, The Fly stories.