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Mizuho Securities Raises Price Target as Western Digital (WDC) Releases SepQ Pre-Announcement

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Western Digital (WDC) PT Raised to $67 at Craig-Hallum

September 8, 2016 10:01 AM EDT

Craig-Hallum analyst Christian Schwab reiterated a Buy rating and bumped his price target on Western Digital Corp. (NASDAQ: WDC) to $67.00 (from $56.00) after the company raised Q1 guidance on Wednesday.

"We believe positively revising guidance with a month left in the quarter is... More

Western Digital (WDC) PT Raised to $70 at Baird

September 7, 2016 10:47 AM EDT

Baird analyst Tristan Gerra reiterated an Outperform rating and raised his price target on Western Digital Corp. (NASDAQ: WDC) to $70.00 (from $65.00) following the company's raised outlook.

Gerra commented, "Western Digital raised its F1Q17 revenue, gross margin and EPS guidance this morning,... More

Western Digital (WDC) PT Raised to $60 at RBC Capital Following Raised Outlook

September 7, 2016 10:04 AM EDT

RBC Capital analyst Amit Daryanani reiterated an Outperform rating and boosted his price target on Western Digital Corp. (NASDAQ: WDC) to $60.00 (from $56.00) after the company pre-announced better than expected Q1 results.

Daryanani commented, "WDC positively pre-announced Sept-qtr results with upside to both... More

FBN Lifts PT on Western Digital (WDC) to $55 Amid Positive Q1 Preannouncement

September 7, 2016 9:51 AM EDT

FBN Securities boosts its price target on Outperform-rated Western Digital (Nasdaq: WDC) from $50 to $55 following increased Q1 guidance issued earlier Wednesday.

Analyst Shebly Seyrafi commented today, We retain our Sector Perform rating on WDC and raise our PT from $50 to $55 following its positive preannouncement for FQ1/Sept. made today before the... More

Pre-Open Stock Movers 09/07: (RTRX) (AAOI) (FRAN) (CMG) Higher; (SFM) (HDS) (CASY) Lower (more...)

September 7, 2016 9:30 AM EDT

Today's Pre-Open Stock Movers:

Retrophin, Inc. (Nasdaq: RTRX) 25.6% HIGHER; announced positive top-line results from the Phase 2 DUET study of sparsentan for the treatment of focal segmental glomerulosclerosis (FSGS), a rare kidney disorder without an approved pharmacologic treatment that often leads to end-stage renal disease. The study achieved statistical... More

Seagate Technology (STX) Gains on Higher Guidance from Peer Western Digital

September 7, 2016 7:24 AM EDT

Seagate Technology (NASDAQ: STX) is gaining 1.6% in pre-open trade on the back of higher Q1 guidance from peer Western Digital Corp. (NASDAQ: WDC), which is up 5%.

... More

Western Digital (WDC) Boosts Q1 Outlook

September 7, 2016 7:01 AM EDT

Western Digital Corp. (NASDAQ: WDC) updated its expectations for the first fiscal quarter of 2017 ending Sept. 30, 2016. Following the recent acquisition of SanDisk and the continued progress in integrating its WD and HGST subsidiaries, the company is addressing a larger number of customers with a broader portfolio of hard drive and flash storage products, leading to a better-than-expected product mix.

Enabled by ongoing strong execution, the... More

Western Digital (WDC): Tight Flash Market Is Here To Stay - Baird

September 7, 2016 6:31 AM EDT

Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Western Digital Corp. (NASDAQ: WDC) on the belief that NAND flash tightness could extend into next year, and positively impact Western Digital's Sandisk business.

The analyst believes that the tight NAND... More