Information Provided By:
Fly News Breaks for May 24, 2017
TOSBF, WDC
May 24, 2017 | 07:51 EDT
After Kyodo News reported that Western Digital (WDC) has offered to buy Toshiba (TOSBF) for about $18B, Stifel analyst Aaron Rakers estimates that the deal could be 10%-15% accretive for Western Digital at that price. He keeps a $120 price target and a Buy rating on Western Digital.