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