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Tech Stock Staging Turnaround After Upgrades
WDCWestern Digital(WDC) Schaeffers Research·2024-01-16 13:56

Computer hardware stock Western Digital Corp (NASDAQ:WDC) is 3.8% higher before the bell after two big upgrades this morning. Deutsche Bank upgraded WDC to "buy" from "hold" and hiked its price target by 20to20 to 65, encouraged by the company's NAND flash chip pricing improving faster than expected. The brokerage sees Western Digital's second-quarter results finishing at the higher end of forecasts.In addition, Barclays upgraded Western Digital stock to "overweight" from "equal weight" and also raised its pr ...