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Enter Symbol:
 
Western Digital Corporation (WDC) [hlAlert]

Rating:
Buy WDC
up 1.91 %

Western Digital Corporation (WDC) upgraded to Buy with price target $90 by Argus

Posted on: Thursday,  Oct 1, 2015  8:25 AM ET by Argus

Argus rated Buy Western Digital Corporation (NASDAQ: WDC) on 10/01/2015, when the stock price was $79.88. Since
then, Western Digital Corporation has gained 1.92% as of 01/11/2016's recent price of $81.41.
If you would have followed this Argus's recommendation on WDC, you would have gained 1.91% of your investment in 102 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2015 8:25 AM Buy
None
79.88 90.00
as of 12/24/2008
1 Week up  32.94 %
1 Month up  40.76 %
3 Months up  34.79 %
1 YTD up  34.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/23/2008 8:25 AM Hold
None
11.71
9/25/2008 9:25 AM Buy
None
21.65 27.00

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