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Fly News Breaks for December 7, 2016
WDC
Dec 7, 2016 | 07:24 EDT
Brean Capital analyst Ananda Baruah raised his price target on Western Digital to $100 from $97, but feels it could be conservative. The analyst cited the company's preannouncement of December earnings setting a high run rate, which could be increased with the synergies from its acquisition of SanDisk. He also cited the Samsung patent royalty renewals beginning in August, which will add to earnings. Baruah feels $120-$140 for Western Digital is ultimately possible and he reiterated his Buy 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.
