Brean Murray Carret & Co. Maintains a 'Buy' on Western Digital (WDC); Cost Impact Deep; Waiting for STX Tonight; Increasingly Positive for XRTX

Brean Murray Carret & Co. maintains a 'Buy' on Western Digital Corp. (NYSE: WDC) price target of $28.00.

Brean analyst says, "While the Dec Q unit impact to WDC of 30M is about what we'd thought was possible, the time to resolution and the costs involved are greater than anticipated...For WDC, we believe the stock will trade soft for a while...No change to our Seagate (NYSE: STX)(BUY, PT $15) position into the earnings call this afternoon AMC of letting the stock digest the news as we could see the call go either way as a catalyst...After Buy-rated Dell (Nasdaq: DELL)(PT $19) has appreciated 18% in the last 2 wks, we'd take the time to access the potential disk drive impact to PC shipments...After hearing WDC we believe it's even more likely that Xyratex (Nasdaq: XRTX)(Buy, PT $17) will benefit from the need for additional equipment - as a result we're again raising our target (to $17 from $15)."

For more ratings news on Western Digital Corp. click here and for the rating history of Western Digital Corp. click here.

Shares of Western Digital Corp. closed at $24.44 yesterday.

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