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Schaeffer's Street Stories: Western Digital Edges Lower on Brokerage Notes

^{Published on 2008-12-23 11:21:21, Last Modified on 2008-12-23 11:21:35 - Market Wire}
 

CINCINNATI--([ BUSINESS WIRE ])--Western Digital Corp. (NYSE: WDC) is down more than 1% today following a mix of brokerage comments before the open. First, Argus downgraded the shares from "buy" to "hold." Meanwhile, Collins Stewart stepped up to initiate coverage of the stock with a "buy" rating, while establishing a price target of $15. This price target implies that the analyst is expecting the shares to rally more than 26% during the next 12 months.

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