Western Digital price target raised to $45 from $40 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Western Digital to $45 from $40 and keeps an Equal Weight rating on the shares. The company announced intention to spin off its flash asset in the second half of 224, but more importantly is seeing improving end markets with an inflecting gross margin profile, the analyst tells investors in a research note.