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Fly News Breaks for January 2, 2020
WDC
Jan 2, 2020 | 08:24 EDT
Benchmark analyst Mark Miller noted that NAND pricing improvements were seen in the December quarter for the first time since early 2017, but he does not believe the current upcycle will be as strong as the prior 2017-18 upcycle. While he believes the industry is currently at a cyclical trough, he also thinks this view is accepted by most investors and he believes the share price of Western Digital "fully discounts" expected NAND price improvements. Miller keeps a Sell rating on Western Digital shares.
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.
