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Fly News Breaks for July 1, 2019
SWKS, QRVO, WDC
Jul 1, 2019 | 06:19 EDT
Mizuho analyst Vijay Rakesh upgraded Western Digital (WDC) to Buy from Neutral and raised his price target for the shares to $55 from $47. The analyst believes the Huawei ban has been a "major overhang" for handset radio frequency suppliers Qorvo (QRVO) and Skyworks (SWKS), and memory suppliers like Western Digital. The "truce" over the weekend between President Trump and Chinese President Xi Jinping sets up improving visibility, a rebound in orders and upside to "depressed expectations" for the Huawei-exposed semi suppliers in the second half of 2019, Rakesh tells investors in a research note. For Western Digital, the analyst sees an improved demand outlook with 50M-70M additional Huawei handsets into the second half of the year.
News For WDC;QRVO;SWKS From the Last 2 Days
WDC
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here