Does anyone have access to the CommSec report 18 Feb 2010. Here is the conclusion from CommSec
"We have retained our Hold recommendation post WDC's FY09 result given our positive
total return expectations. While the result was in line with our expectations, FY10
guidance was disappointing, signalling a tougher-than-anticipated operating
environment particularly in the US. We see little reason to pursue the stock at current
levels". They quoted the "current level" at $11.64 with a target price of $12.50 (I guess this is 12 month target).
Andrew.
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