Western Digital (WDC) and Seagate Technology (STX) move higher premarket after JPMorgan raises...

|About: Western Digital Corporation (WDC)|By:, SA News Editor

Western Digital (WDC) and Seagate Technology (STX) move higher premarket after JPMorgan raises its ratings and price targets on the hard-drive makers. Both firms should benefit from favorable pricing conditions and bottoming unit trend-lines, pushing margins to "200 basis point or greater improvements" in the next 12-18 months. WDC +2.9%, STX +3.9% premarket.