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Fly News Breaks for June 28, 2016
WDC
Jun 28, 2016 | 07:30 EDT
RBC Capital expects Western Digital to be hurt by the recent appreciation of the yen ,as the firm estimates that the appreciation will lower the company's gross margins by about 0.7 percentage points per quarter. However, the firm says that hedging will prevent the company's bottom line from being lowered by more than about 26c in fiscal 2017. RBC says that strengthening NAND demand and an expanding hard disk drive total available market will offset the foreign exchange headwind. RBC keeps a $56 price target and Outperform rating on the shares.
News For WDC From the Last 2 Days
WDC
Apr 22, 2024 | 16:28 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
WDC
Apr 22, 2024 | 12:15 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
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Apr 22, 2024 | 09:47 EDT
WDC
Apr 22, 2024 | 07:15 EDT
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Apr 22, 2024 | 05:54 EDT
