Benchmark analyst Mark Miller noted that Western Digital shares are up 40% year-to-date, which he attributes largely to expectations for a recovery in the second half and a U.S.-China trade deal. However, he sees signs suggesting that any potential recovery may come later than expected and may be weaker than many expect, he said. Miller, who has lowered his FY19 and FY20 estimates for Western Digital, keeps a Hold rating on the shares.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here