Fly News Breaks for February 3, 2020
Feb 3, 2020 | 09:14 EDT
Argus analyst Jim Kelleher raised his price target on Western Digital to $82 and kept his Buy rating after its Q2 earnings beat and above-consensus guidance for Q3. The analyst expects the swing to positive annual comparisons to start in the current quarter. Kelleher also adds that while he is not making any assumptions regarding the impact of the coronavirus, which can have negative consequences for the company's end markets, prior viral outbreaks had been "contained without meaningful long-term damage to global technology trade."
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