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WDC

Western Digital

$94.44

1.64 (1.77%)

, TOSBF

Toshiba, also use TOSYY

$2.09

-0.07 (-3.24%)

08:03
07/17/17
07/17
08:03
07/17/17
08:03

Western Digital successful bid for Toshiba unit would be accretive, says Cowen

Cowen analyst Karl Ackerman noted Western Digital (WDC) won three court victories in its case against Toshiba (TOSBF), which he sees strengthening its position to acquire the remaining 50% of its memory division. The analyst believes a successful bid would yield 10-15% accretion to earnings in 2018 and drive a higher multiple for Western Digital shares. Ackerman reiterated his Outperform rating and $117 price target on Western Digital.

WDC

Western Digital

$94.44

1.64 (1.77%)

TOSBF

Toshiba, also use TOSYY

$2.09

-0.07 (-3.24%)

WDC Western Digital
$94.44

1.64 (1.77%)

06/27/17
AGIS
06/27/17
NO CHANGE
Target $130
AGIS
Buy
SSD ASP rises may have been 'meaningful' to Western Digital beat, says Aegis
After Western Digital positively pre-announced better than expected June quarter preliminary EPS, Aegis analyst Ananda Baruah said he believes ongoing increases in SSD average selling prices may have been a meaningful contributor to the beat. Western Digital's annual EPS run-rate over the last three quarters is now about $10.50 ahead of the vast majority of the expected $2.00-$3.00 minimum of SanDisk synergies and ahead of any contribution from Toshiba's memory business sale, which Baruah thinks could be an incremental $2.00-$5.00 regardless of sale outcome, he tells investors. The analyst keeps a Buy rating and $130 price target on Western Digital shares.
06/27/17
BTIG
06/27/17
NO CHANGE
BTIG
Western Digital fundamentals still 'quite strong,' says BTIG
BTIG analyst Edward Parker says that Western Digital's (WDC) "strong preliminary results" indicate that its "fundamentals remain quite strong." The analyst says he doesn't believe that Toshiba (TOSBF, TOSYY) can sell its share in the chip joint venture while Western Digital is seeking injunctive relief. He adds that the intensity of the battle over the joint venture shows that there is widespread optimism about the memory sector. He keeps a $120 price target and a Buy rating on Western Digital.
06/27/17
MSCO
06/27/17
NO CHANGE
MSCO
Morgan Stanley has increased confidence in $12 earnigns power
Morgan Stanley analyst Katy Huberty said Western Digital's updated guidance increases confidence in $12/share earnings power, despite Toshiba-related headlines. Huberty said June quarter upside was largely driven by NAND and 10TB Helium HDD results, indicating the company's portfolio advantages. Huberty rates Western Digital an Overweight with a $120 price target.
06/27/17
JEFF
06/27/17
NO CHANGE
Target $90
JEFF
Hold
Western Digital guidance supports NAND concerns, says Jefferies
Jefferies analyst James Kisner says Western Digital's "modest" Q4 guidance raise and reiteration of annual earnings guidance supports his concern around near-term NAND "peakiness." The analyst keeps a Hold rating on the shares with a $90 price target. He believes Western Digital's right of consent suggests it is likely to participate in some capacity in the purchase of Toshiba Memory. He thinks such a deal would only be a modest positive, however.
TOSBF Toshiba, also use TOSYY
$2.09

-0.07 (-3.24%)

06/09/17
NOMU
06/09/17
NO CHANGE
NOMU
Micron has positive read through from Broadcom news, says Nomura Instinet
After meeting with Broadcom's (AVGO) CEO, Nomura analyst Romit Shah thinks that the company tried to buy Toshiba's (TOSBF) NAND flash business. The analyst says that Broadcom's effort should lead investors to question whether Micron (MU) is undervalued. He keeps a $40 price target and Buy rating on the shares.
05/24/17
STFL
05/24/17
NO CHANGE
STFL
Western Digital acquisition of Toshiba could be 10%-15% accretive, says Stifel
After Kyodo News reported that Western Digital (WDC) has offered to buy Toshiba (TOSBF) for about $18B, Stifel analyst Aaron Rakers estimates that the deal could be 10%-15% accretive for Western Digital at that price. He keeps a $120 price target and a Buy rating on Western Digital.
05/22/17
COWN
05/22/17
NO CHANGE
Target $115
COWN
Outperform
Western Digital most strategic buyer of Flash Ventures, says Cowen
Cowen analyst Timothy Arcuri revisited the likelihood of Western Digital (WDC) acquiring the remaining roughly 50% share of Toshiba (TSOBF) Flash Ventures. He believes the deal would be accretive by 10-15% in 2018 and said they remain the most strategic of buyers for the division. Arcuri views Hynix and Micron (MU) as much less likely bidders due to antitrust review, while any deal with Broadcom (AVGO) would have to most likely be backed by fixed economics with Apple (AAPL) or related to Toshiba's discrete/system LSI assets in a Brocade-like (BRCD) deal. Arcuri reiterated his Outperform rating and $115 price target on Western Digital shares.

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HOG

Harley-Davidson

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DAL

Delta Air Lines

$50.74

-0.395 (-0.77%)

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GG

Goldcorp

$12.88

-0.91 (-6.60%)

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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W

Wayfair

$78.91

-0.4533 (-0.57%)

12:15
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Wayfair put volume heavy and directionally bearish »

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TDOC

Teladoc

$31.78

-2.575 (-7.50%)

, AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

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Teladoc

$31.78

-2.575 (-7.50%)

AMZN

Amazon.com

$1,052.80

12.93 (1.24%)

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SBUX

Starbucks

$57.94

-0.61 (-1.04%)

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AAPL

Apple

$153.46

0.72 (0.47%)

12:06
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Breaking Periodicals news story on Apple »

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NTES

NetEase

$312.15

3.26 (1.06%)

12:05
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NetEase call volume above normal and directionally bullish »

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  • 09

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WABC

Westamerica

$54.57

-1.82 (-3.23%)

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Treasury's $20 B 14-day cash management bill saw pretty good demand »

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INTC

Intel

$34.75

0.08 (0.23%)

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Intel sells four offices buildings, development center in Alameda, SVBJ says »

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HOG

Harley-Davidson

$49.03

0.39 (0.80%)

, TSLA

Tesla

$343.85

4.25 (1.25%)

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Harley-Davidson

$49.03

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TSLA

Tesla

$343.85

4.25 (1.25%)

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RYAM

Rayonier Advanced Materials

$15.72

-0.11 (-0.69%)

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TKC

Turkcell

$9.29

0.29 (3.22%)

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FOSL

Fossil

$10.83

-0.19 (-1.72%)

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CSX

CSX

$52.06

0.5 (0.97%)

11:55
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  • 21

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EXPE

Expedia

$156.94

2.37 (1.53%)

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NVDA

Nvidia

$167.26

1.91 (1.16%)

, TSLA

Tesla

$343.85

4.25 (1.25%)

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NVDA

Nvidia

$167.26

1.91 (1.16%)

TSLA

Tesla

$343.85

4.25 (1.25%)

GOOG

Alphabet

$947.80

-2.9 (-0.31%)

GOOGL

Alphabet Class A

$965.31

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INTC

Intel

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AAPL

Apple

$153.46

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CA

CA Technologies

$34.65

-0.38 (-1.08%)

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IP

International Paper

$57.37

0.975 (1.73%)

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