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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 271.48

+1.4%

Nov 11 3:59 PM EST

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From: Unwelcomeguest	4/1/2020 9:36:13 AM
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Here is the rationale behind Stifel's rating update. This came out yesterday, but I didn't have it until this morning. So, comments are already priced in if they had any effect. Western Digital target cut on NAND uncertainty Mar. 31, 2020 8:16 AM ET\|About: Western Digital Corporation (WDC)\|By: Brandy Betz, SA News Editor Stifel cuts Western Digital's (NASDAQ: WDC) target from $70 to $64 and maintains a Buy rating. Analyst Patrick Ho cites the "uncertain" NAND demand trends for H2, saying "there could be a digestion period in the NAND flash market if we head into a recession scenario." Ho also thinks data center spending could be delayed until next year, but he sees these issues as already priced into WDC's share price. Western Digital shares are down 0.9% pre-market to $43.13. The company has a Bullish average Sell Side rating.

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