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Fly News Breaks for September 3, 2015
STX, WDC
Sep 3, 2015 | 07:27 EDT
Wells Fargo says that at Seagate's (STX) Analyst Day, the company was optimistic that the client HDD market would bottom, and felt that HDD capacities could increase over the longer term. Seagate also believes that the sector could see positive mix trends, according to the firm. Wells believes that these trends should also benefit Western Digital (WDC).
News For WDC;STX From the Last 2 Days
WDC
Apr 18, 2024 | 06:40 EDT
WDC
Apr 17, 2024 | 06:21 EDT
BofA raised the firm's price target on Western Digital to $85 from $75 and keeps a Buy rating on the shares. The firm sees both the HDD and NAND businesses being close to the bottom of the cycle and sees a potential unlock of shareholder value as the company remains on track to split the HDD and NAND business in the second half of 2024.
