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News Breaks
July 31, 2014
06:24 EDTWDCWestern Digital price target raised to $116 from $100 at Citigroup
Citigroup raised its price target for Western Digital shares to $116 following the company's Q2 results saying the Q3 guide-down is not a concern since it is mostly the result of a temporary opex hit given the extra week in the September quarter. Citi sees a favorable set-up for Western Digital in the second half of the year and says it would be a buyer of the stock.
News For WDC From The Last 14 Days
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November 17, 2015
11:10 EDTWDCMicron the most likely target for Tsinghua stake, says Macquarie
Macquarie analyst Deepon Nag highlighted yesterday that Tsinghua Unigroup Chairman Zhao Weiguo told Reuters in an interview that his company was in talks with a U.S. semiconductor company, and that a deal could be announced as early as the end of the month. Zhao stated that a majority stake was unlikely due to regulatory concerns. Given recent moves by China in the memory market, Micron (MU) is the most likely target for Tsinghua, Nag wrote in a note to investors. Tsinghua recently announced a 15% stake in Western Digital (WDC) at a 33% premium to the company's prior closing price. A similar premium for Micron would lead to a 15% stake in Micron for $20 per share, which would equal $3.4B, the analyst points out. Shares of Micron are up 46c, or 3%, to $15.35 in late morning trading. Nag has an Outperform rating on Micron with a $30 price target.

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