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Fly News Breaks for May 15, 2018
WDC
May 15, 2018 | 10:27 EDT
After Western Digital announced it had refinanced about $2.5B in loans and intends to repurchase up to $1B of outstanding shares, Stifel analyst Kevin Cassidy raised his Q4 and FY19 non-GAAP EPS estimates to account for lower share counts. Accordingly, he increased his price target on the stock to $114 and maintains a Buy rating on Western Digital.
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.
