Stocks Hitting 52-Week Highs

Western Digital WDC shares gained 2.85% to reach a new 52-week high of $101.52. Analysts at Baird upgraded Western Digital from Neutral to Outperform and raised the target price from $95 to $120. Intel INTC shares reached a new 52-week high of $33.82 after the company reported better-than-expected Q2 earnings. Analysts at UBS upgraded Intel from Neutral to Buy and raised the target price from $30 to $37.50. iGATE IGTE shares touched a new 52-week high of $42.25 on Q2 results. iGATE posted its quarterly net Income of $3.1 million. Time Warner TWX shares jumped 17.52% to touch a new 52-week high of $83.45 after the company confirmed that it rejected a proposal from Twenty-First Century Fox FOXA to acquire all of the outstanding shares of the company.