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.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.