Western Digital Stock Upgraded: What You Need to Know

As confirmed by TheFly.com , analysts at Chicago-basedinvestment banker Guggenheim initiated coverage of Western Digital with a buy rating and a $100 price target, calling the stock their “best idea in IT Hardware & Mobility.” This morning, we’re hearing Canadian banker BMO Capital chime in with a buy rating of its own — an upgrade from market perform to outperform, and a less ambitious $90 price target.