RBC calls Western Digital an "attractive LBO candidate"

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

RBC Capital calls Western Digital (NYSE:WDC) “an attractive LBO candidate.”

Analyst Amit Daryanani notes the multiple PE firms involved in the Toshiba chip unit sale to the Bain-led consortium. 

The analyst writes that Western Digital stock is “at ~6x EV/FCF (fourth cheapest in S&P500).” 

Daryanani reiterates an Outperform rating and $115 price target with a suggested takeout price of $105. 

Western Digital shares are up 1.7% to $86.37.     

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