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WDC

Western Digital

$62.67

0.4 (0.64%)

, STX

Seagate

$39.50

0.13 (0.33%)

08:01
11/30/16
11/30
08:01
11/30/16
08:01

Citi ups price targets for Western Digital, Seagate on increased HDD estimates

Citi analyst Stanley Kovler upwardly revised his Hard Disk Drive industry estimates to account for growing storage capacity requirements in Cloud and areas like Surveillance that he sees driving demand. He now expects flat industry revenue on 3% decline in units and 3% increase in Average Selling Prices, versus his previous call for a 3% decline on a 5% decline in units and 2% increase in ASPs. Accordingly, Kovler raised his price target on Western Digital (WDC) to $80 from $75 and on Seagate (STX) to $42 from $38. The analyst keeps a Buy rating on Western Digital and a Neutral rating on Seagate.

WDC

Western Digital

$62.67

0.4 (0.64%)

STX

Seagate

$39.50

0.13 (0.33%)

  • 12

    Dec

WDC Western Digital
$62.67

0.4 (0.64%)

10/27/16
COWN
10/27/16
NO CHANGE
Target $70
COWN
Outperform
Western Digital price target raised to $70 from $58 at Cowen
Cowen analyst Karl Ackerman raised his price target on Western Digital to $70 from $58 following the company's Q1 results. The analyst said Western Digital's largest driver was its integration efforts and that is likely to remain favorable near-term. Ackerman, who said the next catalyst for the stock will be the company's analyst day, reiterated his Outperform rating on Western Digital shares.
10/28/16
ARGS
10/28/16
NO CHANGE
ARGS
Western Digital price target raised to $72 from $60 at Argus
Argus analyst Jim Kelleher raised his price target on Western Digital after the company reported stronger than expected Q1 results and provided stronger than expected Q2 guidance. The analyst keeps a Buy rating on the shares.
11/11/16
CLVD
11/11/16
NO CHANGE
CLVD
Neutral
Western Digital has upside potential from Flash, HDD, says Cleveland Research
Cleveland Research analyst Kevin Rottinghaus said he has optimism in the short-term on Western Digital given the upside potential from Flash pricing and Enterprise HDD demand. The firm, whose estimates for FY17 are well ahead of consensus, keeps a Neutral rating on Western Digital shares.
11/21/16
OPCO
11/21/16
NO CHANGE
OPCO
Oppenheimer recommends buying Technology, Energy ahead of breakout
Oppenheimer analyst Ari Wald says that the S&P 500's bullish reversal of its eight-week downtrend is confirming the start of a year-end rally, and cyclical stocks should be owned given resuming strength in the index's long-term trend. The analyst thinks the current opportunity is to buy Technology and Energy ahead of a breakout, namely Apple (AAPL), Seagate (STX), Skyworks (SWKS), Western Digital (WDC), Apache (APA), Chevron (CVX), Halliburton (HAL), and Helmerich & Payne (HP).
STX Seagate
$39.50

0.13 (0.33%)

10/19/16
BOFA
10/19/16
NO CHANGE
Target $30
BOFA
Underperform
Seagate has fewer drivers for upsdie, says BofA/Merrill
BofA/Merrill sees few additional drivers beyond current guidance to drive upside as we head into the seasonally weaker Q1. The firm maintains its Underperform rating and $30 price target.
10/19/16
BTIG
10/19/16
NO CHANGE
Target $50
BTIG
Buy
BTIG continues to be aggressive buyer of Seagate
BTIG analyst Edward Parker said Seagate's Q1 report is indicative of the structural bull thesis of sustained HDD bit growth as the industry transitions to higher margin, high capacity cloud and enterprise deployments from lower margin, low capacity client use cases. He said Seagate is still a "show me" story, which is understandable given earnings volatility and structural changes, but said this can be exploited and continues to recommend being an aggressive buyer of shares. Parker rates Seagate a Buy and raised his price target on the stock to $50 from $45.
11/11/16
CLVD
11/11/16
NO CHANGE
CLVD
Neutral
Seagate should benefit in near-term from Enterprise HDD, says Cleveland Research
Cleveland Research analyst Kevin Rottinghaus said demand appears better than expected for Seagate in the December quarter, with Enterprise HDD appearing to be a key component of the upside. The firm, which thinks near-term estimates for Seagate should be revised higher, keeps a Neutral rating on the stock.

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SRPT

Sarepta

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BSAC

Santander Chile

$23.59

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SWN

Southwestern Energy

$7.67

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CorMedix

$1.04

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FET

Forum Energy

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WDC

Western Digital

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SJR

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