Loading...
Loading...
In a report published on Tuesday, Wedbush analyst Betsy Van Hees upgraded
sTecSTEC from Underperform to Neutral and raised the price target on the company from $3 to $6.85.
In the report, Wedbush stated, "We are upgrading STEC to a NEUTRAL rating and increasing our price target to $6.85 following Western Digital Corporation's (WDC) surprise announcement that its wholly-owned subsidiary HGST has entered into a definitive agreement to acquire sTec for roughly $340MM in cash or about $6.85 per share."
sTec closed on Monday at $6.71.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in