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Fly News Breaks for May 26, 2016
WDC
May 26, 2016 | 07:33 EDT
Brean Capital believes Western Digital shares provide "tremendous" value at their current levels and believes better than expected synergies exist with its acquisition of SanDisk. The firm said its analysis suggests a much greater ability to generate free cash flow, maintain its dividend, and pay down its SanDisk debt. Brean Capital reiterated its Buy rating and $97 price target on Western Digital shares.
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.
