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Western Digital Corporation (WDC) [hlAlert]

Rating:
Buy WDC
down 55.58 %

Western Digital Corporation (WDC) upgraded to Buy by Citigroup

Posted on: Friday,  Dec 13, 2013  8:25 AM ET by Citigroup

Citigroup rated Buy Western Digital Corporation (NASDAQ: WDC) on 12/13/2013. Previously Citigroup rated Sell Western Digital Corporation (NASDAQ: WDC) on 10/12/2012.,
when the stock price was $35.33. Since then, Western Digital Corporation has gained 125.13% as of 12/13/2013's recent price of $79.54.
If you would have followed the previous Citigroup's recommendation on WDC, you would have lost 55.58% of your investment in 427 days.

Western Digital Corporation (WD) designs, develops, manufactures and sells hard drives. The Company sells its products worldwide to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for use in computer systems, subsystems or consumer electronics (CE) devices, and to distributors, resellers and retailers. Its hard drives are used in desktop computers, notebook computers, and enterprise applications, such as servers, workstations, network attached storage, storage area networks and video surveillance equipment. Additionally, its hard drives are used in CE applications, such as digital video recorders (DVRs), and satellite and cable set-top boxes (STBs). WD also sells its hard drives as stand-alone storage products and integrates them into finished enclosures, embedding application software and offering the products as WD-branded external storage appliances. On March 27, 2009, it completed the acquisition of SiliconSystems, Inc.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/13/2013 8:25 AM Buy
None
79.54
as of 12/13/2013
1 Week down  -0.17 %
1 Month down  -9.12 %
3 Months down  -22.82 %
1 YTD down  -86.04 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2012 8:25 AM Sell
None
35.33
2/28/2008 8:25 AM Hold
None
33.03

(*) Stock Price at the time of the recommendation.
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