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Fly News Breaks for June 6, 2019
WDC
Jun 6, 2019 | 09:01 EDT
Benchmark analyst Mark Miller lowered his earnings expectations for Western Digital for both the June quarter and for FY20, noting that NAND prices remain soft and inventories remain high so far during the quarter and adding that the Huawei ban should add further pressure. He keeps a Hold rating on Western Digital shares, which he continues to view as fairly valued.
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