Susquehanna Remains Positive on Western Digital (WDC) - PT to $88

October 27, 2016 8:11 AM EDT
Get Alerts WDC Hot Sheet
Price: $72.63 +1.34%

Rating Summary:
    26 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Susquehanna reiterated a Positive rating on Western Digital Corp. (NASDAQ: WDC), and raised the price target to $88.00 (from $80.00), following the company's 1Q earnings report.

Analyst Mehdi Hosseini commented, "WDC exceeded its own positive pre from Sep, and we came away encouraged by favorable mix dynamics, execution on cost synergies, and improving demand environment (namely, Cloud), while a strong Dec Q guide factors in a worst-case scenario of not resolving licensing negotiations with Samsung, suggesting further upside is possible if a licensing deal is announced. We leave the rerating argument for post Analyst Day, Dec. 6."

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 $56.52 yesterday.

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