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Stock Market & Financial Investment News

News Breaks
January 23, 2014
07:39 EDTWDCWestern Digital upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Western Digital based on signs of stabilization in the PC market, substantial free cash flow generation that could be used to return cash to shareholders or make acquisitions,and HGST cost synergies and operations rationalization. Price target raised to $100 from $70.
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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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March 17, 2015
08:04 EDTWDCWestern Digital decline overdone, says RBC Capital
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