Needham & Company Maintains a 'Buy' on Western Digital (WDC); Closing Acquisition of HGST Offers Long-Term Opportunities
Tweet
Share
E-mailGet Alerts WDC Hot Sheet
Price: $530.16 +4.20%
Rating Summary:
33 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
33 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Join SI Premium – FREE
Needham & Company maintains a 'Buy' on Western Digital Corp. (NYSE: WDC) price target of $50.00.
ANalyst, Richard Kugele, said, "While drawn-out and far more complicated than originally envisioned, the successful completion of WD’s acquisition of HGST represents one of the most significant events in the 55+ years of the HDD industry, in our view. We believe the inability to completely integrate HGST for at least two years reduces the near-term synergies, but does not detract from the long-term opportunities or the stable industry conditions likely to exist until the 2-year waiting period passes (and likely longer)."
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 $38.98 yesterday.
ANalyst, Richard Kugele, said, "While drawn-out and far more complicated than originally envisioned, the successful completion of WD’s acquisition of HGST represents one of the most significant events in the 55+ years of the HDD industry, in our view. We believe the inability to completely integrate HGST for at least two years reduces the near-term synergies, but does not detract from the long-term opportunities or the stable industry conditions likely to exist until the 2-year waiting period passes (and likely longer)."
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 $38.98 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- B.Riley Downgrades Lantheus Holdings (LNTH) to Neutral
- Alibabato sell Lingxi Games in more than $2B deal - Reuters
Create E-mail Alert Related Categories
Analyst Comments, Mergers and AcquisitionsRelated Entities
Needham & CompanySign 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!
