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WDC

Western Digital

$54.84

-0.44 (-0.80%)

, STX

Seagate

$35.16

-0.02 (-0.06%)

10:00
10/17/16
10/17
10:00
10/17/16
10:00

Competition rising in China's external storage market, DigiTimes reports

IDC says competition intensified in China's external storage market in the first half of the year, reported DigiTimes, which noted that the research firm reported that sales fell by varying degree in both the low-end and high-end markets while the midrange market saw fast growth. Huawei, EMC (EMC), Hikvision, Inspur, and IBM (IBM) were the top five vendors in China's external disk storage market in Q2, according to the report. Shares of hard-disk drive maker Western Digital (WDC) is down 2.5% this morning, though it is unclear if this data is a contributing factor. Seagate (STX) is flat in early trading. Reference Link

WDC

Western Digital

$54.84

-0.44 (-0.80%)

STX

Seagate

$35.16

-0.02 (-0.06%)

EMC

EMC

IBM

IBM

$154.90

0.45 (0.29%)

  • 19

    Oct

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    Oct

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    Oct

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    Nov

WDC Western Digital
$54.84

-0.44 (-0.80%)

10/12/16
CLVD
10/12/16
NO CHANGE
CLVD
Neutral
Western Digital has more near-term upside, says Cleveland Research
Cleveland Research analyst Kevin Rottinghaus sees potential near-term upside to Western Digital's (WDC) positive preannouncement and to consensus estimates on continued strength in NAND, HDD pricing discipline, and demand upside in notebooks and near-line HDDs. His research suggests SSDs are continuing to see upside to demand and pricing in client and enterprise and expects these trends to continue through at least Q1 2017. Rottinghaus rates Western Digital a Neutral.
10/11/16
JPMS
10/11/16
UPGRADE
JPMS
Neutral
Seagate upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Rod Hall upgraded Seagate Technology (STX) to Neutral citing more stable trends in the PC market. The analyst now sees a slower decline of 10k RPM drives shipped with servers. He raised his price target for Seagate shares to $38 from $20. Hall also kept a Neutral rating on Western Digital (WDC) but raised his price target for the stock to $59 from $53.
10/05/16
RBCM
10/05/16
NO CHANGE
RBCM
Micron report reads positively for Applied Materials, Lam, says RBC Capital
Following Micron's (MU) quarterly report and guidance, RBC Capital Amit Daryanani said he sees positive read-through from the report for Applied Materials (AMAT), Lam Research (LRCX), ASML (ASML), Western Digital (WDC) and Intel (INTC). Micron management expects capex spending of $4.8B-$5.2B for FY17, noted Daryanani, who believes continued 3D NAND spending will benefit Applied and Lam the most.
10/04/16
SBSH
10/04/16
NO CHANGE
Target $70
SBSH
Buy
Western Digital price target raised to $70 from $65 at Citi
Citi analyst Stanley Kovler raised his price target for Western Digital (WDC) to $70 saying he remains constructive on near-term hard-disk-drive and NAND trends heading into the Q3 earnings season. The analyst sees improved pricing in both sectors and believes the company is executing on its SanDisk integration. He keeps a Buy rating on the shares. Kovler also upped his price target for Neutral-rated Seagate (STX) to $37 from $29.
STX Seagate
$35.16

-0.02 (-0.06%)

10/12/16
BMUR
10/12/16
NO CHANGE
Target $50
BMUR
Buy
Seagate gross margin model remains underappreciated, says Brean Capital
Brean Capital analyst Ananda Baruah believes the Street is underestimating Seagate's gross margin model. The analyst also said Seagate is ahead of schedule for getting back to delivering normalized earnings, free cash flow generation, and duopoly characteristics. Baruah reiterated his Buy rating and raised his price target to $50 from $42 on Seagate shares.
10/11/16
BNCH
10/11/16
UPGRADE
BNCH
Buy
Seagate upgraded to Buy from Hold at Benchmark
10/11/16
BTIG
10/11/16
NO CHANGE
BTIG
Seagate weakness a buying opportunity, says BTIG
10/11/16
10/11/16
UPGRADE
Target $43

Strong Buy
Follow-up: Seagate upgraded to Strong Buy from Buy at Needham
As previously reported, Needham upgraded Seagate to Strong Buy and raised its price target to $43 from $39. Analyst Richard Kugele said Seagate is benefiting from a generally stable to improving demand environment at the very time the company is restructuring its capacity and OPEX model for the changing environment dominated by CSPs and high-capacity drives. He believes investors will be beneficiaries of these dynamics as they flow through Seagate's model
EMC EMC

09/01/16
HDLY
09/01/16
DOWNGRADE
HDLY
Neutral
EMC downgraded to Neutral from Long-Term Buy at Hilliard Lyons
Hilliard Lyons analyst Stephen Turner downgraded EMC to Neutral.
07/26/16
07/26/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: Adobe (ADBE) initiated with an Overweight at Piper Jaffray. 2. EMC (EMC) resumed with a Neutral at Citi. 3. Gulfport Energy (GPOR) initiated with a Peer Perform at Wolfe Research. 4. Energy Transfer Equity (ETE) reinstated with an Outperform at Credit Suisse. 5. DDR Corp. (DDR) initiated with an Outperform at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/29/16
BERN
07/29/16
DOWNGRADE
BERN
Market Perform
EMC downgraded to Market Perform from Outperform at Bernstein
07/26/16
SBSH
07/26/16
INITIATION
Target $32.09
SBSH
Neutral
EMC resumed with a Neutral at Citi
Citi analyst Jim Suva resumed coverage of EMC (EMC) with a Neutral rating and $32.09 price target. The target is based on the shareholder agreed pending acquisition price of $32.09 calculated as $24.05 cash per share plus the tracking stock linked to a portion of EMC's economic interest in the VMware (VMW) business.
IBM IBM
$154.90

0.45 (0.29%)

09/06/16
EVER
09/06/16
UPGRADE
Target $45
EVER
Buy
Intel upgraded to Buy from Hold at Evercore ISI
Evercore ISI analyst C.J. Muse upgraded Intel (INTC) to Buy and raised his price target for the shares to $45 from $38. The chipmaker closed Friday up 6c to $36.08. Fears of a slowdown in its Server business and sustained weakness in PCs have led Intel shares to underperform peers thus far in 2016, Muse tells investors in a research note. The analyst expects the underperformance to change as the company's Data Center Group segment accelerates to 10%+plus growth in the second half of 2016. Further, Muse thinks Intel's "competitive moat remains" despite potential competition from ARM Holdings (ARMH) and IBM's (IBM) Power9 architecture. He sees 25% upside in Intel shares from current levels.
09/23/16
OPCO
09/23/16
NO CHANGE
OPCO
Outperform
Speculation suggests Imperva takeover in 'near sight,' says Oppenheimer
Oppenheimer analyst Shaul Eyal is not surprised to see the list of potential Imperva (IMPV) buyer candidates mentioned in an article from Bloomberg, which includes Cisco (CSCO), IBM (IBM), Fortinet (FTNT), Akamai (AKAM), and privately held Forcepoint. The analyst envisions Imperva's product line aligning particularly well with Cisco's and IBM's given the recent drive by both to expand their security offerings. Eyal sees a potential price target ranging between $55-$60 if the speculation has any merit and sufficient interest from multiple bidders. Oppenheimer has an Outperform rating on Imperva's shares.
09/26/16
SOCG
09/26/16
UPGRADE
SOCG
Hold
IBM upgraded to Hold from Sell at Societe Generale
08/16/16
08/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. IBM (IBM) initiated with a Perform at Oppenheimer. 2. GrubHub (GRUB) initiated with a Hold at Jefferies. 3. Broadwind Energy (BWEN) initiated with an Outperform at Cowen. 4. TPI Composites (TPIC) initiated with an Overweight at JPMorgan, with an Outperform at Cowen, with a Buy at Canaccord, with an Overweight at Morgan Stanley, and with an Outperform at Raymond James. 5. Tableau (DATA) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ACN

Accenture

$121.23

0.51 (0.42%)

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CGG

CGG SA

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PI

Impinj

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HRS

Harris

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Harris wins $189M contract with UAE military »

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BABA

Alibaba

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Alibaba announces strategic partnership with Bailian Group »

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SWIR

Sierra Wireless

$27.80

1.575 (6.01%)

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Volkswagen

$30.87

-0.65 (-2.06%)

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Volkswagen

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PGNX

Progenics

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Calamos

$8.24

-0.03 (-0.36%)

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Progenics to replace Calamos in S&P 600 as of 2/20 close »

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PGNX

Progenics

$10.62

0.08 (0.76%)

CLMS

Calamos

$8.24

-0.03 (-0.36%)

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SFLY

Shutterfly

$48.06

0.66 (1.39%)

, VASC

Vascular Solutions

14:55
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02/20
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Shutterfly to replace Vascular Solutions in S&P 600 as of 2/20 close »

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SFLY

Shutterfly

$48.06

0.66 (1.39%)

VASC

Vascular Solutions

TFX

Teleflex

$179.91

1.86 (1.04%)

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NKTR

Nektar

$13.10

0.12 (0.92%)

, BMY

Bristol-Myers

$54.59

0.31 (0.57%)

14:48
02/20/17
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Nektar reports Phase 1 data on NKTR-214 in kidney cancer »

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NKTR

Nektar

$13.10

0.12 (0.92%)

BMY

Bristol-Myers

$54.59

0.31 (0.57%)

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XNCR

Xencor

$24.28

0.5 (2.10%)

14:38
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14:38
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Xencor announces data presentation on XmAb5871 »

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RHHBY

Roche

$30.53

0.02 (0.07%)

14:35
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14:35
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Genentech reports Phase 2 data on Tecentriq combo in kidney cancer »

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RVSB

Riverview Bancorp

$7.50

-0.11 (-1.45%)

14:30
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Breaking Hot Stocks news story on Riverview Bancorp »

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OCN

Ocwen

$5.24

0.09 (1.75%)

14:27
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Ocwen reaches settlement, termination of California consent order »

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SYF

Synchrony

$36.68

-0.17 (-0.46%)

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Synchrony likely to see more gains, Barron's says »

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ANTM

Anthem

$160.25

-3.52 (-2.15%)

, CI

Cigna

$143.56

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ANTM

Anthem

$160.25

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CI

Cigna

$143.56

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ESRX

Express Scripts

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0.74 (1.07%)

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QSR

Restaurant Brands

$53.90

0.05 (0.09%)

, PLKI

Popeyes

$66.12

-0.26 (-0.39%)

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Restaurant Brands in advanced talks to buy Popeyes, Bloomberg says »

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Restaurant Brands

$53.90

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PLKI

Popeyes

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AAPL

Apple

$135.72

0.375 (0.28%)

, AMAT

Applied Materials

$35.67

0.49 (1.39%)

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Smartphone design trends could benefit Applied Materials, others, Barron's says »

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AAPL

Apple

$135.72

0.375 (0.28%)

AMAT

Applied Materials

$35.67

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OLED

Universal Display

$72.15

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GLW

Corning

$27.65

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SSNLF

Samsung

LPL

LG Display

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TOSBF

Toshiba, also use TOSYY

$1.61

-0.182 (-10.17%)

, TOSYY

Toshiba, also use TOSBF

$9.55

-1.085 (-10.21%)

13:32
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Toshiba could have 50% upside, Barron's says »

Toshiba shares are…

TOSBF

Toshiba, also use TOSYY

$1.61

-0.182 (-10.17%)

TOSYY

Toshiba, also use TOSBF

$9.55

-1.085 (-10.21%)

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DIN

DineEquity

$60.14

-6.41 (-9.63%)

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DineEquity remains challenged, Barron's says »

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HD

Home Depot

$143.00

1.46 (1.03%)

13:09
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Home Depot looks healthy into earnings report, Barron's says »

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ADNT

Adient

$64.01

-0.69 (-1.07%)

, JCI

Johnson Controls

$41.91

0.23 (0.55%)

12:58
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Periodicals
Adient could offer 35% upside, Barron's says »

Shares of Adient (ADNT)…

ADNT

Adient

$64.01

-0.69 (-1.07%)

JCI

Johnson Controls

$41.91

0.23 (0.55%)

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HES

Hess Corp.

$51.75

0.45 (0.88%)

12:47
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Steer clear of Hess Corp, Barron's says »

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GM

General Motors

$37.22

0.19 (0.51%)

12:33
02/20/17
02/20
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General Motors stock could reach $50 in a year, Barron's says »

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11:43
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Conference/Events
DA Davidson E&C and industrials analysts hold analyst/industry conference call »

E&C, Materials &…

11:38
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Conference/Events
DA Davidson technology/software analysts hold analyst/industry conference call »

Technology Analyst…

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