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Stock Market & Financial Investment News

News Breaks
January 15, 2014
08:21 EDTWDCWestern Digital results likely to be near high end of guidance, says RBC Capital
RBC Capital expects Western Digital's results for its December quarter to be towards the high end of its guidance. The firm thinks the company has several positive catalysts, including improved notebook data points, a stable pricing environment, and growth in cloud deployments. The firm raised its price target on the stock to $92 from $78 and keeps an Outperform rating on the shares.
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March 31, 2015
07:19 EDTWDCWestern Digital Seagate estimates lowered below consensus at Stifel
Stifel lowered its Q3 and Q4 estimates for Western Digital (WDC) and Seagate (STX) below consensus levels to reflect weaker than expected HDD demand for Q3 and the firm's belief that trends will be flattish into Q4. The firm keeps a Buy rating on Western Digital ,citing what it sees as the company's positive enterprise portfolio positioning, its ability to leverage a more variable costs model, and its positive free cash flow outlook. It keeps a Hold rating on Seagate.
March 22, 2015
17:01 EDTWDCWestern Digital, PACCAR, two others look discounted, Barron's says
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