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Western Digital (WDC): Raising PT After Analyst Day - Baird

December 7, 2016 7:38 AM EST
Get Alerts WDC Hot Sheet
Price: $59.31 -0.8%

Rating Summary:
    32 Buy, 17 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 20 | Down: 14 | New: 22
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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.



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Robert W Baird