Several Wall Street Firms Raises Numbers on Western Digital (WDC), Seeing Faster-Than-Expected Recovery

Shares of Western Digital (NYSE: WDC) are trading up about 7% after the company surprised Wall Street with strong Q2 earnings and revenues. Fears of constraints from the flooding in Thailand was averted and WDC even guided higher going into Q3.

Several firms came out with comments, including Auriga and Brean Murray, which raises price targets and estimates.

Needham upgraded shares to 'Buy' from 'Hold', stamping at $41 price target on the stock.

Barclays reiterates an 'Overweight' on Western Digital and boosted its price target raised from $40 to $45. The firm also significantly raised its FY12 EPS estimate, from $3.82 to $5.47 and FY13 from $4.95 to $6.28.

For an analyst ratings summary and ratings history on Western Digital Corp. click here. For more ratings news on Western Digital Corp. click here.

Shares of Western Digital Corp. closed at $34.71 yesterday, with a 52 week range of $22.64-$41.87.

---

Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• UPDATE: Auriga Starts Teva Pharma (TEVA) at Hold; Sidelined Until New CEO Is Convincing
• Nomura Securities Sees Trends Continuing To Be Difficult at Wet Seal, Inc. (WTSLA); Cutting FY12/13 Estimates
• UBS Raises Price Target and Estimates on PetSmart (PETM); Sees Sustained Sales and Margin Benefit

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Brean Murray Carret & Co., Needham & Company, Barclays, Auriga, Earnings

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter