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Fly News Breaks for January 31, 2020
WDC
Jan 31, 2020 | 09:28 EDT
RBC Capital analyst Mitch Steves raised his price target on Western Digital to $85 and kept his Outperform rating after its Q2 earnings beat and above-consensus guidance for Q3. The analyst cites the company's view of improving NAND environment at a higher rate than it anticipated and expectations of doubling enterprise SSD revenue, with added upside coming from flash demand in gaming starting in June of this year.
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