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Fly News Breaks for August 17, 2016
WDC
Aug 17, 2016 | 07:17 EDT
Jefferies analyst James Kisner lowered his price target for Western Digital to $54 from $62 citing concerns about the company's ability to maintain the cost advantage Sandisk enjoyed in planar NAND as well as risks of eventual NAND market oversupply conditions. The analyst keeps a Buy rating on the shares, however, saying near-term market conditions for NAND and hard-disk-drives will likely be positive.
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.
