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Fly News Breaks for April 10, 2019
WDC
Apr 10, 2019 | 08:40 EDT
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.