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Fly News Breaks for July 8, 2019
WDC
Jul 8, 2019 | 09:21 EDT
Loop Capital analyst Ananda Baruah kept his Hold rating and $45 price target on Western Digital, saying that despite the outages at the Yokkaichi, Japan production facilities, there is still too much NAND and Flash inventory throughout the industry ecosystem to drive a positive impact on pricing. The analyst adds that although Western Digital's average selling prices and gross margins will benefit, he sees the Street consensus accounting for the potential upside.
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.
