Western Digital pullback a buying opportunity, says Citigroup Citigroup views Western Digital's guidance as conservative and recommends using the post Q4 results share pullback as a buying opportunity. The firm reiterates a Buy rating on the stock with a $100 price target.
Western Digital upgraded to Buy from Neutral at BofA/Merrill BofA/Merrill upgraded Western Digital to Buy and maintained its $117 price target. The firm believes fundamentals have bottomed and valuation is attractive at current levels. BofA/Merrill lowered estimates on further PC weakness but said pricing is holding up and the mix shift to capacity HDDs is driving ASP and margin improvement.