Western Digital (WDC): Raising PT After Analyst Day - Baird
Get Alerts WDC Hot Sheet
Rating Summary:
32 Buy, 17 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Join SI Premium – FREE
Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Western Digital Corp. (NASDAQ: WDC) and raised the price target to $80 from $74 after a positive analyst day.
The rationale for the increase is valuation, secular storage growth trends, market share leadership, and leading NAND flash technology. It also helps that during the analyst day, the company raised its quarterly guidance.
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 $63.85 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China Resources Beer Holdings Co Ltd. (291:HK) (CRHKY) PT Raised to HK$44.67 at Jefferies
- HSBC Upgrades Covivio (COV:FP) to Buy
- Harvard Bioscience Inc. (HBIO) PT Raised to $6.75 at Singular Research
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Robert W BairdSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!