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Fly News Breaks for October 27, 2016
WDC
Oct 27, 2016 | 07:48 EDT
After Western Digital reported better than expected results, Wells Fargo says that all of the company's businesses did well last quarter. The firm expects the company's results to be boosted by several upbeat catalysts going forward, including continued strong NAND prices, continued strength in high capacity HDD, and gross margin gains. The firm keeps an Outperform rating on the 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.
