Western 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.
Western Digital shares offer attractive entry point, says Jefferies Jefferies analyst James Kisner believes current share levels provide an attractive entry point into Western Digital. The analyst views consensus earnings expectations as achievable and believes the current valuation does not price in potential upside from MOFCOM approval. He keeps a Buy rating on Western Digital with a $116 price target.