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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc. -- Ignore unavailable to you. Want to Upgrade?


To: Unwelcomeguest who wrote (4302)1/16/2020 8:59:10 AM
From: Charlie Smith1 Recommendation

Recommended By
Sam

  Respond to of 4827
 
Western Digital raised on margin potential
Jan. 16, 2020 8:36 AM ET

Deutsche Bank raises its Western Digital (NASDAQ: WDC) target from $65 to $80, "becoming more bullish on gross margin expansion opportunities" in 2020 and 2021.

Analyst Sidney Ho sees "a more positive outlook" for the SSD business, particularly in pricing.

Signs continue to support price increases and "rational capacity investments," says Ho.

Deutsche has a Buy rating on WDC. The company has a Bullish average Sell Side rating.

WDC shares are up 1.1% pre-market to $67.40.