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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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May 19, 2015
12:55 EDTWDCPC related stocks struggle after Morgan Stanley says PC turn won't come until Q3
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08:33 EDTWDCMorgan Stanley cautious in near-term on PC names
Morgan Stanley is more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team continues to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. Morgan Stanley is cautiously optimistic on Western Digital (WDC) due to its diverse revenue drivers, sees value creation catalysts for Hewlett-Packard (HPQ) and believes Microsoft (MSFT) shares reflect the challenging PC market and Win 10. The firm is more cautious on semis such as NVIDIA (NVDA) given higher valuations, share loss at Advanced Micro (AMD), potential 2H margin pressure at Intel (INTC), and Morgan is cautious on PC DRAM stocks near-term due to weaker pricing.
May 15, 2015
07:04 EDTWDCWestern Digital can reach $10+ EPS in fiscal 2017, says RBC Capital
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