UPDATE: Auriga Raises PT on Western Digital to $52

Auriga is out with its report today on Western Digital

, raising its PT from $51 to $52 In a note to clients, Auriga writes, "We believe the best way to capture the HGST merger impact is via use of a 10-year DCF and based on such an approach, we arrive at a price target of $52 (up from $51), which is above the current share price. As such, we reiterate our BUY rating." Shares of WDC closed Thursday at $37.06.