$WDC Monday trade setup for Western Digital

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Entry level $56.70= Traget price $61.00 = Stop loss $55.67
Western Digital upgraded to Positive from Neutral at Susquehanna. Susquehanna analyst Mehdi Hosseini upgraded Western Digital (WDC) to Positive from Neutral with a price target of $90, up from $55. He expects the 5G smartphone build cycle to "start in earnest" late in the March quarter and and combining this with cuts to NAND capital expenditures and wafer starts should lead to a tight NAND supply/demand balance by the June quarter, said Hosseini, Source the fly

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