BUZZ-Western Digital rises after Benchmark boosts PT
Reuters
Sep 15
BUZZ-<a href="https://laohu8.com/S/WDCVV">Western Digital</a> rises after Benchmark boosts PT
** Shares of data storage products maker Western Digital WDC.O rise 5% to $102.57
** Brokerage Benchmark raises PT on WDC to $115 from $85, maintains "buy" rating
** Benchmark's sources show that lead times for high-capacity drives have extended to almost one year, leading to an increase in prices
** For fiscal 2026, Benchmark expects WDC to post adj. EPS of $7.29 on sales of $11.43 billion, vs its prior forecast of earnings of $6.92 per share and sales of $11.15 billion
** WDC has risen over 110% YTD, as of Friday's close
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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