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Fly News Breaks for January 21, 2020
WDC
Jan 21, 2020 | 08:36 EDT
Longbow analyst Nikolay Todorov raised his price target for Western Digital to $69 from $67 and made no change to his Buy rating, saying he sees a long runway for the stock to benefit from earnings and multiple expansion in this cyclical recovery. In his base case assumption, Todorov says his 2020 forecast of conservative cost declines and 16% blended DRAM ASP decline and 5% NAND ASP increase results in $8 in EPS for Western Digital which, at 10x the historical mid-cycle memory multiple, implies 20% upside from current levels. If pricing turns out stronger than his forecast, Todorov says he sees as much as 50% upside from here.
News For WDC From the Last 2 Days
WDC
Mar 27, 2024 | 12:00 EDT
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