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Fly News Breaks for September 9, 2019
Sep 9, 2019 | 09:03 EDT
BTIG analyst Edward Parker kept his Buy rating and $70 price target on Western Digital, saying that the discussions with its management last week reflected the company's confidence in being able to capture the resumption in enterprise hyperscale investing. The analyst is also positive on the company's view that the NAND flash inventory correction is progressing and should be "in balance" by year-end. Parker further cited Western Digital management's confidence that it can capture market share in enterprise SSD amid the "96L transition", which the company sees as "progressing well".