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Fly News Breaks for January 31, 2020
WDC
Jan 31, 2020 | 08:38 EDT
BTIG analyst Edward Parker raised his price target on Western Digital to $80 and kept his Buy rating after its in-line Q2 results and better than expected guidance, which "proves" the supply-demand recovery narrative in NAND memory. The analyst further cites the management's forecast of accelerating flash gross margins and "solid" fundamentals in its HDD business, noting that the improving end-market demand is "nicely synched" with the company's product positioning.
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.
