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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