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Fly News Breaks for April 28, 2017
WDC
Apr 28, 2017 | 07:58 EDT
Cowen analyst Karl Ackerman raised his price target on Western Digital to $115 from $90 following better than expected March quarter results. The company's guidance implies improvement throughout the year and expectations are for upside next year, said Ackerman, citing his NAND cost analysis and supply/demand framework. Ackerman reiterated his Outperform rating on Western Digital shares.
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