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Fly News Breaks for May 24, 2016
WDC
May 24, 2016 | 06:32 EDT
Cowen analyst Karl Ackerman upgraded Western Digital (WDC) to Outperform from Market Perform and raised its price target to $50 from $45. The analyst expects updated guidance on Thursday to act as a positive catalyst for shares and remove SanDisk (SNDK) earnings and revenue contribution uncertainty. Ackerman continued, recent field work indicates Toshiba inserting another new planer note that could add gross margin offsets during 3D migration for SanDisk. The analyst recommends investors focus on Western Digital's broadening TAM enabled by SanDisk and the company's transition to a vertically integrated data storage provider capable of generating mid single-digit revenue growth and low double-digit earnings growth.
News For WDC 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