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Fly News Breaks for January 18, 2019
STX, WDC
Jan 18, 2019 | 09:31 EDT
Stifel analyst Kevin Cassidy lowered his estimates for Seagate (STX) and Western Digital (WDC) ahead of the companies' earnings reports, citing multiple negative storage industry data points that he contends "clearly point" to lower than expected revenue in the HDD and SSD markets. He lowered his Seagate price target to $43 from $47 and cut his Western Digital price target to $60 from $75. Cassidy keeps a Hold rating on Seagate shares and a Buy rating on Western Digital.
News For WDC;STX From the Last 2 Days
