93 days ago • Posted by William Ramstein

Western Digital sees a 9% rise

Western Digital guided for third-quarter revenue of $3.85 billion to $4.05 billion, with adjusted EPS of 55 cents to 75 cents. "Overall, Western Digital remains well-positioned across key growth segments within storage such as cloud and gaming," J.P. Morgan said in an analyst note. J.P. Morgan boosted its price target to $68 from $50 and rates the stock at Neutral. Wedbush reiterated its Outperform rating and boosted its target price to $68 from $60. - WSJ