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Fly News Breaks for April 13, 2016
WDC
Apr 13, 2016 | 08:16 EDT
As previously reported, Longbow downgraded Western Digital to Neutral from Buy. Analyst Joe Wittine said HDDs are again losing attach rates within top-selling notebooks and continues to expect HDD units to underperform comparable PC units by at least 5%. Additionally, Sandisk dilution continues to grow based on higher debt costs and eroding Sandisk fundamentals, Wittine said.
News For WDC 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.
