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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 269.57+0.7%11:28 AM EST

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From: Unwelcomeguest3/3/2020 8:01:17 AM
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Stifel lifts Western Digital on fundamental outlook
Mar. 2, 2020 10:16 AM ET|About: Western Digital Corporation (WDC)|By: Brandy Betz, SA News Editor

Stifel upgrades Western Digital (NASDAQ: WDC) from Hold to Buy and increases the target from $63 to $73.

Analyst Patrick Ho says the coronavirus outbreak could impact near-term estimates, but the firm's "fundamental outlook for 2020 remains intact."

Ho notes that the near-term issues are supply constrained.

Western Digital shares are up 2.4% to $56.90. The company has a Bullish average Sell Side rating.

Related: Chipmaker gets two-notch upgrade at Baird.
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