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Fly News Breaks for March 1, 2020
WDC
Mar 1, 2020 | 17:18 EDT
Stifel analyst Patrick Ho upgraded Western Digital to Buy from Hold with a price target of $73, up from $63. The selloff in the shares due to the concerns related to the coronavirus situation have created an attractive entry point, Ho tells investors in a research note. While the current coronavirus situation could impact near-term estimates, Western Digital's fundamental outlook for 2020 remains intact, contends the analyst. Ho believes structural demand remains intact and near-term issues are supply constrained.
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