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Stock Market & Financial Investment News

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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July 2, 2015
07:29 EDTWDCSeagate, Western Digital should be bought after earnings, says Citi
Citi sees near-term risk to shares of Seagate (STX) and Western Digital (WDC) due a "high probability" of weaker than expected Q2 results with a "significant" guide-down for Q3. PC demand has continued to deteriorate, which will weigh on the results of hard-disk-drive companies, Citi tells investors. The firm, however, believes the shares of both companies should be bought on the post-earnings weakness. It believes Q3 outlooks could bring the last cut to earnings estimates. Citi lowered its price target for Seagate to $55 from $63 and for Western Digital to $100 from $115. It keeps a Buy rating on both names.
June 29, 2015
08:08 EDTWDCJefferies sees recent weakness as attractive entry point in PC names
Jefferies analyst James Kisner cut his PC unit expectations for 2015 and 2016, citing recent negative data points including Micron's (MU) commentary and guidance, but added that he believes PC names may be finding a bottom and that the pullback in Western Digital (WDC), Seagate (STX), and HP (HPQ) creates an attractive entry point in all three stocks. Kisner sees the most potential upside in Western Digital, but lowered his price target on its shares to $116, and said HP may have the least potential downside, cutting his price target on the computer maker to $40.50. The firm keeps Buy rating on both HDD makers and on HP.
June 23, 2015
12:54 EDTWDCPC concerns weighing on shares of Seagate, Western Digital
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10:00 EDTWDCOn The Fly: Analyst Downgrade Summary
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06:25 EDTWDCWestern Digital downgraded to Neutral from Overweight at JPMorgan
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