Western Digital (WDC +3.7%) bucks tech sector weakness, climbing as Needham hikes its rating on...

|By:, SA News Editor

Western Digital (WDC +3.7%) bucks tech sector weakness, climbing as Needham hikes its rating on the hard disk-drive maker to Strong Buy. The firm sees the stock as "significantly undervalued” since WDC bought Hitachi’s disk-drive business, a deal which will prove to be "a pivotal point in HDD history and drive record profitability for both WDC and STX."