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Fly News Breaks for June 2, 2016
WDC
Jun 2, 2016 | 07:56 EDT
RBC Capital says that the decision by Western Digital's CEO to buy 22,500 shares of the company's stock shows confidence in the company's business outlook. The firm says that no Western Digital CEO has ever purchased the company's shares on the open market before. It believes that the company's Analyst Day in December will be the next positive catalyst for the shares. RBC keeps a $56 price target and Outperform rating on the stock.
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.
