BUZZ-Western Digital gains after Susquehanna hikes PT on stronger sales, pricing

Reuters
11/07
BUZZ-<a href="https://laohu8.com/S/WDCVV">Western Digital</a> gains after Susquehanna hikes PT on stronger sales, pricing

** Shares of hard drive maker Western Digital WDC.O rise 1.8% to $162.99

** Brokerage Susquehanna raises target price for WDC to $135 from $62 on stronger-than-expected enterprise drive shipments, better pricing and higher profit margins

**WDC's investments in better wafer and testing are leading to higher-capacity drives that are powering upside, given that unit volumes are not expected to grow - Susquehanna

** 22 of 28 brokerages covering the stock recommend a rating of "buy" or higher, while others recommend "hold"; stock has a median PT of $180 - LSEG-compiled data

** Up to last close, stock has more than tripled YTD

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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