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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 254.16+4.4%3:59 PM EST
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From: Sam4/15/2019 7:46:56 AM
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Longbow +1.6% as Longbow leaves sidelines
Apr. 15, 2019 7:09 AM ET|About: Western Digital Corporation (WDC)|By: Brandy Betz, SA News Editor


Longbow Research upgrades Western Digital (NASDAQ: WDC) from Neutral to Buy with a $65 price target, implying a 25% upside.

Earlier this month, Longbow reiterated Neutral ratings on WDC and Micron citing potential continuing struggles due to weak DRAM contract prices, which were expected to hit bottom in H2. The firm thought NAND was faring better and hit bottom in March.

WDC shares are up 1.6% pre-market to $52.66.


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