Western Digital (WDC): Apple Shoots The Bear Thesis - Susquehanna

October 7, 2016 6:47 AM EDT
Get Alerts WDC Hot Sheet
Price: $53.07 --0%

Rating Summary:
    25 Buy, 9 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 4 | New: 7
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Susquehanna analyst, Mehdi Hosseini, reiterated his Positive rating on shares of Western Digital Corp. (NASDAQ: WDC) and believes that Apple's use of SanDisk/Toshiba's 48L 3D NAND technology acts as an endorsement and dispels the bear argument of an inferior 3D NAND technology. The analyst thinks that this bear argument has been making the rounds since the acquisition of SanDisk was announced last October.

No change to the price target of $80.

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 $58.05 yesterday.

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