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Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:27 EDTWDCWestern Digital shares positioned for pullback, says Citigroup
Citigroup expects investors to take profits in Western Digital after the company's Q2 results given the lack of earnings upside and continued concerns over demand. Citi says shares are "ripe" for a pullback and reiterates a Sell rating on the name despite raising its price target to $34 from $29.
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June 29, 2015
08:08 EDTWDCJefferies sees recent weakness as attractive entry point in PC names
Jefferies analyst James Kisner cut his PC unit expectations for 2015 and 2016, citing recent negative data points including Micron's (MU) commentary and guidance, but added that he believes PC names may be finding a bottom and that the pullback in Western Digital (WDC), Seagate (STX), and HP (HPQ) creates an attractive entry point in all three stocks. Kisner sees the most potential upside in Western Digital, but lowered his price target on its shares to $116, and said HP may have the least potential downside, cutting his price target on the computer maker to $40.50. The firm keeps Buy rating on both HDD makers and on HP.
June 23, 2015
12:54 EDTWDCPC concerns weighing on shares of Seagate, Western Digital
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10:00 EDTWDCOn The Fly: Analyst Downgrade Summary
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06:25 EDTWDCWestern Digital downgraded to Neutral from Overweight at JPMorgan
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