This morning, Citigroup upgraded shares of both Western Digital (NASDAQ:WDC) and Seagate (NASDAQ:STX) to buy ratings as the sector is poised to rebound with the demand for PCs recovering. In the report, Citigroup set a $62 price target on shares of Seagate and a $100 price target on shares of Western Digital. Shares of STX were higher by 0.7% while shares of WDC were higher by 0.1%.
RBC Capital initiated coverage on shares of Exxon Mobil (NYSE:XOM) with an outperform rating noting that the market leader should trade at a higher multiple to the sector. In the report, RBC set a $105 price target. Shares of Exxon Mobil were flat on Friday, trading just above $93 per share.
And Cowen upgraded shares of US Steel (NYSE:X) from market perform to outperform as greater demand from both the US and Europe will translate into a better 2014 for the company. Shares of US Steel were higher by 3.7% following the report.
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