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Fly News Breaks for April 28, 2017
WDC
Apr 28, 2017 | 06:37 EDT
BofA/Merrill analyst Wamsi Mohan upgraded Western Digital to Buy and raised its price target to $120 from $95 citing better industry trends in both hard disk drives adn memory. Mohan said ASP increases in NAND are driving gross margin strength and management expects NAND tightness to continue through 2H 2018.
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.
