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Fly News Breaks for April 28, 2017
WDC
Apr 28, 2017 | 09:16 EDT
Susquehanna analyst Mehdi Hosseini raised his price target on Western Digital to $140 from $105 as the company transitions from a cyclical component vendor to secular growth story in storage. With its increase in earnings growth, the analyst believes a re-rating of its multiple is required. Hosseini reiterated his Positive rating on Western Digital shares.
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