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WDC

Western Digital

$85.76

0.14 (0.16%)

, TOSBF

Toshiba, also use TOSYY

$2.92

0.03 (1.04%)

07:12
10/13/17
10/13
07:12
10/13/17
07:12

Fab 6 resolution paramount to Western Digital's strategy, says Cowen

Cowen analyst Karl Ackerman said a resolution with Toshiba (TOSBF) over Fab 6 remains paramount to Western Digital's (WDC) NAND tech road map and he has confidence bargaining chips are still on the table. He believes the company's NAND business continues to be under-modeled by the Street. Ackerman has an Outperform rating and $117 price target on Western Digital shares.

WDC

Western Digital

$85.76

0.14 (0.16%)

TOSBF

Toshiba, also use TOSYY

$2.92

0.03 (1.04%)

TOSYY

Toshiba, also use TOSBF

$17.60

0.21 (1.21%)

  • 26

    Oct

WDC Western Digital
$85.76

0.14 (0.16%)

10/02/17
10/02/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PepsiCo (PEP) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy saying North American beverage trends continue to deteriorate and Pepsi's likely need for reinvestment should "cap the stock" over the next 12 months. 2. Western Digital (WDC) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying he believes the potential outcomes from the company's ongoing litigation with Toshiba (TOSYY) "range from neutral to significantly negative" and the ongoing fight will cap the stock's valuation in the near-term. 3. Uniti Group (UNIT) downgraded to Neutral from Overweight at JPMorgan with analyst Philip Cusick saying the "theme of Windstream's (WIN) distress continues to increase in volume." 4. Parker-Hannifin (PH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Nigel Coe saying he sees a more balanced risk-reward following the stock's strong outperformance since the election. 5. bluebird bio (BLUE) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Matthew Harrison saying he believes the risks ahead of the company's presentation of LentiGlobin sickle cell data at December's American Society of Hematology meeting remains underappreciated. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/17
LEHM
10/03/17
NO CHANGE
Target $131
LEHM
Overweight
Western Digital could win injunctive relief against Toshiba, says Barclays
Toshiba (TOSYY) could fail to close its sale of Toshiba Memory Corporation to a Bain-led consortium due to contractual-based consent rights that are in place, Barclays analyst Mark Moskowitz tells investors in a research note titled "Don't Head for the Exit; WD Has Legal & Regulatory Support in Its Corner." After reviewing the Flash Ventures joint venture agreements between Toshiba Memory and Western Digital's (WDC) SanDisk, the analyst sees legal and regulatory hurdles to the proposed transaction. Moskowitz believes SanDisk could file for and win injunctive relief, ultimately forcing Toshiba to reconsider a deal favorable to Western Digital. The analyst keeps an Overweight rating on Western Digital shares with a $131 price target.
10/04/17
DBAB
10/04/17
DOWNGRADE
DBAB
Hold
Western Digital downgraded to Hold from Buy at Deutsche Bank
10/05/17
DBAB
10/05/17
DOWNGRADE
Target $80
DBAB
Hold
Western Digital downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Sherri Scribner last night downgraded Western Digital (WDC) to Hold and cut her price target for the shares to $80 from $105. Uncertainty over the sale of Toshiba's (TOSYY) memory business as well as a peaking NAND cycle warrant a cautious view, Scribner tells investors in a research note. NAND market tightness will start to ease in 2018, suggesting a cycle peak is nearing, the analyst contends. She advises investors to take a "more cautious, wait-and-see approach" with respect to Western Digital shares.
TOSBF Toshiba, also use TOSYY
$2.92

0.03 (1.04%)

09/21/17
LOOP
09/21/17
NO CHANGE
LOOP
Western Digital could still obtain stake in Toshiba unit, says Loop Capital
After Toshiba (TOSBF) agreed to sell its memory unit to a consortium that does not include Western Digital (WDC), Loop Capital analyst Ananda Baruah says that Western Digital could force Toshiba to include it in the consortium going forward by delaying the deal's implementation. The analyst notes that Western Digital said that its access to NAND supply is "secure." She thinks the company can continue to benefit from strong NAND/SSD pricing and keeps a $140 price target and a Buy rating on the shares.
09/25/17
MSCO
09/25/17
NO CHANGE
Target $123
MSCO
Overweight
Western Digital shares overreacted to JV news from Toshiba, says Morgan Stanley
After Toshiba (TOSYY) selected a Bain-led consortium as the preferred buyer of its Toshiba Memory Corporation business, Morgan Stanley analyst Katy Huberty said the reaction in Western Digital (WDC) shares to the news was an overreaction. She notes that the deal is an investment only, not a transfer of IP or manufacturing knowledge, and Western Digital has already filed additional arbitration proceedings. The analyst, who thinks both Toshiba and Western are best served by working closely to continue the joint venture, keeps an Overweight rating and $123 price target on WD shares.
10/02/17
10/02/17
UPGRADE
Target $50

Buy
Seagate upgraded to Buy at Craig-Hallum
As previously reported, Craig-Hallum analyst Christian Schwab upgraded Seagate (STX) to Buy from Hold as he believes Q1 results are tracking in line with Street expectations, and his checks suggest Seagate is seeing traction with its 10TB drives and certain pricing activity from Western Digital is further benefiting the company. The analyst also takes comfort in ValueAct's nearly $1B investment in Seagate, and is encouraged by the announcement that Seagate is part of the Bain consortium that signed a Share Purchase Agreement for Toshiba's (TOSBF; TOSYY) memory business with expectations to enter into a long-term NAND supply agreement with Toshiba Memory for continuity of raw NAND for Seagate's expanding SSD portfolio. Schwab also raised his price target on Seagate's shares to $50 from $37.
TOSYY Toshiba, also use TOSBF
$17.60

0.21 (1.21%)

TODAY'S FREE FLY STORIES

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$304,020.01

2616.01 (0.87%)

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2616.01 (0.87%)

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TWTR

Twitter

$32.66

0.55 (1.71%)

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AAPL

Apple

$175.50

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VLKAY

Volkswagen

$40.98

0.09 (0.22%)

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DAL

Delta Air Lines

$53.46

0.91 (1.73%)

, UAL

United Continental

$67.57

0.87 (1.30%)

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Delta Air Lines

$53.46

0.91 (1.73%)

UAL

United Continental

$67.57

0.87 (1.30%)

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    Mar

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BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

, BRK.B

Berkshire Hathaway

$202.76

2.03 (1.01%)

15:53
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Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

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Berkshire Hathaway

$202.76

2.03 (1.01%)

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TWX

Time Warner

$94.70

0.33 (0.35%)

, T

AT&T

$36.72

0.25 (0.69%)

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TWX

Time Warner

$94.70

0.33 (0.35%)

T

AT&T

$36.72

0.25 (0.69%)

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    Apr

JKHY

Jack Henry

$121.95

1.79 (1.49%)

12:59
02/24/18
02/24
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    Feb

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PFBC

Preferred Bank

$64.05

0.86 (1.36%)

12:52
02/24/18
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12:52
Conference/Events
Preferred Bank management to meet with Stephens »

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    Feb

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R

Ryder

$74.54

0.19 (0.26%)

12:47
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Conference/Events
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ASPU

Aspen Group

$8.85

1.48 (20.08%)

12:29
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  • 11

    Mar

TWTR

Twitter

$32.66

0.55 (1.71%)

, AOBC

American Outdoor Brands

$10.00

-0.12 (-1.19%)

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$43.52

0.54 (1.26%)

STLD

Steel Dynamics

$47.47

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NUE

Nucor

$66.94

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AKS

AK Steel

$5.50

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AET

Aetna

$175.55

0.49 (0.28%)

ANTM

Anthem

$235.24

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CNC

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CI

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$194.79

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HNT

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HUM

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$271.19

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MOH

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UNH

UnitedHealth

$230.16

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WCG

WellCare

$192.05

0.03 (0.02%)

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DBX

Dropbox

, SNAP

Snap

$17.45

-0.06 (-0.34%)

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DBX

Dropbox

SNAP

Snap

$17.45

-0.06 (-0.34%)

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  • 07

    Mar

IPG

Interpublic Group

$24.24

0.3 (1.25%)

, OMC

Omnicom

$77.31

0.52 (0.68%)

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IPG

Interpublic Group

$24.24

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OMC

Omnicom

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PUBGY

Publicis

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WPP

$95.30

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  • 26

    Feb

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MSFT

Microsoft

$94.06

2.33 (2.54%)

, INTC

Intel

$47.73

1.93 (4.21%)

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MSFT

Microsoft

$94.06

2.33 (2.54%)

INTC

Intel

$47.73

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NVDA

Nvidia

$245.93

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MU

Micron

$46.53

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GOOG

Alphabet

$1,126.79

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GOOGL

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$1,128.09

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AMZN

Amazon.com

$1,500.00

14.66 (0.99%)

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AMZN

Amazon.com

$1,500.00

14.66 (0.99%)

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BHGE

Baker Hughes

$28.03

-0.01 (-0.04%)

04:55
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GE

General Electric

$14.49

-0.01 (-0.07%)

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

18:30
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18:30
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JNJ

Johnson & Johnson

$132.02

2.11 (1.62%)

, CMD

Cantel Medical

$115.34

2.45 (2.17%)

18:03
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JNJ

Johnson & Johnson

$132.02

2.11 (1.62%)

CMD

Cantel Medical

$115.34

2.45 (2.17%)

MDT

Medtronic

$80.39

-0.02 (-0.02%)

KKR

KKR

$21.96

0.18 (0.83%)

CG

Carlyle Group

$23.15

-0.1 (-0.43%)

MMM

3M

$237.02

1.02 (0.43%)

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AET

Aetna

$175.55

0.49 (0.28%)

, CVS

CVS Health

$68.16

0.16 (0.24%)

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CVS

CVS Health

$68.16

0.16 (0.24%)

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

17:56
02/23/18
02/23
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17:56
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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

17:55
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02/23
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Breaking Syndicate news story on MYnd Analytics »

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