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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 07:46 EDT
Cowen analyst Karl Ackerman said there was not much to dislike with Western Digital's Q2 report. The analyst said its result suggest the exit of a downturn and the entry of a recovery as demand fundamentals appear to be improving. He noted the company's execution int its core enterprise HDD business and said its remains one of his top three picks. Ackerman reiterated his Outperform rating and $88 price target on Western Digital shares.