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Fly News Breaks for October 27, 2016
WDC
Oct 27, 2016 | 08:45 EDT
Cowen analyst Karl Ackerman raised his price target on Western Digital to $70 from $58 following the company's Q1 results. The analyst said Western Digital's largest driver was its integration efforts and that is likely to remain favorable near-term. Ackerman, who said the next catalyst for the stock will be the company's analyst day, reiterated his Outperform rating on Western Digital shares.
News For WDC From the Last 2 Days
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.